1,639 Shares in SPX Technologies, Inc. (NYSE:SPXC) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,639 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors also recently bought and sold shares of SPXC. Allworth Financial LP raised its holdings in shares of SPX Technologies by 123.3% during the fourth quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $25,000 after acquiring an additional 90 shares during the last quarter. Empowered Funds LLC acquired a new position in SPX Technologies in the 4th quarter valued at $27,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in SPX Technologies by 2,055.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company’s stock valued at $28,000 after purchasing an additional 185 shares in the last quarter. Spire Wealth Management acquired a new stake in SPX Technologies during the 4th quarter worth $57,000. Finally, Hilltop National Bank grew its holdings in shares of SPX Technologies by 19.9% during the fourth quarter. Hilltop National Bank now owns 536 shares of the company’s stock worth $78,000 after buying an additional 89 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Stock Down 3.1 %

SPXC stock opened at $129.49 on Friday. SPX Technologies, Inc. has a one year low of $116.05 and a one year high of $183.83. The firm has a market cap of $6.01 billion, a PE ratio of 34.81, a PEG ratio of 1.33 and a beta of 1.26. The firm’s 50 day moving average price is $143.26 and its 200-day moving average price is $152.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPXC. Oppenheimer raised shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective for the company in a research note on Wednesday, February 26th. UBS Group reduced their price objective on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.75.

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.