Swiss National Bank Has $14.40 Million Stock Position in SPX Technologies, Inc. (NYSE:SPXC)

Swiss National Bank increased its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,318 shares of the company’s stock after purchasing an additional 500 shares during the period. Swiss National Bank owned approximately 0.19% of SPX Technologies worth $14,402,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of SPX Technologies during the third quarter worth $28,000. Crewe Advisors LLC acquired a new stake in shares of SPX Technologies during the second quarter worth $28,000. Canada Pension Plan Investment Board acquired a new stake in shares of SPX Technologies during the second quarter worth $28,000. UMB Bank n.a. grew its stake in shares of SPX Technologies by 965.0% during the second quarter. UMB Bank n.a. now owns 213 shares of the company’s stock worth $30,000 after purchasing an additional 193 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of SPX Technologies during the third quarter worth $44,000. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Stock Up 2.0 %

Shares of SPX Technologies stock opened at $176.01 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 12 month low of $83.98 and a 12 month high of $176.35. The business has a fifty day simple moving average of $161.84 and a 200 day simple moving average of $151.02. The stock has a market cap of $8.16 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22.

SPX Technologies (NYSE:SPXC) last posted its 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 firm had revenue of $483.70 million for the quarter, compared to analyst estimates of $501.02 million. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share. Research analysts predict that SPX Technologies, Inc. will post 5.56 EPS for the current year.

SPX Technologies Company 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.