Rep. Josh Gottheimer Sells SPX Technologies, Inc. (NYSE:SPXC) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of SPX Technologies, Inc. (NYSE:SPXC). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in SPX Technologies stock on December 6th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
• Sold $1,001 – $15,000 in shares of Ambev (NYSE:ABEV) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
• Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
• Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.

SPX Technologies Price Performance

Shares of NYSE SPXC remained flat at $148.84 during mid-day trading on Thursday. The stock had a trading volume of 54,854 shares, compared to its average volume of 304,964. SPX Technologies, Inc. has a twelve month low of $97.55 and a twelve month high of $183.83. The business’s 50-day moving average is $158.33 and its 200 day moving average is $155.27. The firm has a market cap of $6.90 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30. 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 (NYSE:SPXC) last issued 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 company 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 business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS. As a group, research analysts anticipate that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in SPX Technologies in the second quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in shares of SPX Technologies in the 3rd quarter worth $28,000. ST Germain D J Co. Inc. bought a new stake in SPX Technologies in the third quarter valued at about $44,000. Hilltop National Bank boosted its holdings in 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 during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of SPX Technologies by 247.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 501 shares of the company’s stock worth $80,000 after buying an additional 357 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SPXC. Sidoti cut SPX Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $187.00 to $175.00 in a research report on Friday, December 6th. Wolfe Research initiated coverage on SPX Technologies in a research note on Monday, November 25th. They issued an “outperform” rating and a $199.00 target price for the company. Finally, UBS Group lowered their price target on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $168.50.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.