Select Equity Group L.P. bought a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 175,208 shares of the company’s stock, valued at approximately $24,904,000.
Other hedge funds have also recently modified their holdings of the company. Conestoga Capital Advisors LLC bought a new stake in shares of SPX Technologies during the 2nd quarter worth approximately $51,070,000. Capital World Investors purchased a new stake in shares of SPX Technologies during the fourth quarter valued at $29,121,000. Nordea Investment Management AB boosted its stake in shares of SPX Technologies by 160.6% during the first quarter. Nordea Investment Management AB now owns 382,490 shares of the company’s stock valued at $47,069,000 after purchasing an additional 235,720 shares during the period. Principal Financial Group Inc. grew its holdings in shares of SPX Technologies by 86.8% in the first quarter. Principal Financial Group Inc. now owns 443,408 shares of the company’s stock worth $54,597,000 after purchasing an additional 206,054 shares during the last quarter. Finally, Capital International Investors purchased a new position in SPX Technologies in the 1st quarter worth about $21,819,000. Institutional investors own 92.82% of the company’s stock.
SPX Technologies Trading Down 1.2 %
Shares of NYSE:SPXC opened at $158.02 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $7.31 billion, a PE ratio of 77.08, a P/E/G ratio of 1.63 and a beta of 1.22. SPX Technologies, Inc. has a 12-month low of $77.84 and a 12-month high of $165.13. The business’s fifty day simple moving average is $151.56 and its 200-day simple moving average is $139.05.
Analyst Upgrades and Downgrades
Separately, Oppenheimer lowered shares of SPX Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 18th.
About SPX Technologies
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.
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