SPX Technologies, Inc. (NYSE:SPXC) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in SPX Technologies, Inc. (NYSE:SPXC) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,504 shares of the company’s stock after selling 331 shares during the period. Oppenheimer Asset Management Inc.’s holdings in SPX Technologies were worth $2,951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. grew its holdings in shares of SPX Technologies by 4.7% in the 3rd quarter. Assetmark Inc. now owns 1,745 shares of the company’s stock worth $278,000 after acquiring an additional 78 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of SPX Technologies by 4.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,538 shares of the company’s stock worth $503,000 after acquiring an additional 146 shares during the period. Fifth Third Bancorp grew its holdings in shares of SPX Technologies by 3.8% in the 2nd quarter. Fifth Third Bancorp now owns 4,698 shares of the company’s stock worth $668,000 after acquiring an additional 174 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of SPX Technologies in the 3rd quarter worth approximately $28,000. Finally, Xponance Inc. grew its holdings in shares of SPX Technologies by 7.1% in the 2nd quarter. Xponance Inc. now owns 2,864 shares of the company’s stock worth $407,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Price Performance

SPXC stock opened at $163.05 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The stock’s 50 day moving average price is $159.03 and its 200 day moving average price is $149.24. The firm has a market cap of $7.56 billion, a P/E ratio of 43.83, a PEG ratio of 1.68 and a beta of 1.22. SPX Technologies, Inc. has a 1 year low of $83.98 and a 1 year high of $173.30.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $483.70 million during the quarter, compared to the consensus estimate of $501.02 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. SPX Technologies’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 earnings per share. On average, sell-side analysts expect that SPX Technologies, Inc. will post 5.56 earnings per share for the current fiscal year.

SPX Technologies Profile

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.