PNC Financial Services Group Inc. decreased its stake in shares of SPX Technologies, Inc. (NYSE:SPXC – Free Report) by 5.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,654 shares of the company’s stock after selling 579 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPX Technologies were worth $1,405,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of SPX Technologies by 1.3% during the third quarter. State Street Corp now owns 1,729,989 shares of the company’s stock valued at $275,864,000 after acquiring an additional 22,177 shares in the last quarter. Geode Capital Management LLC increased its stake in SPX Technologies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company’s stock valued at $164,888,000 after purchasing an additional 8,916 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in SPX Technologies by 25.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company’s stock worth $114,640,000 after buying an additional 160,535 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of SPX Technologies by 45.3% in the third quarter. Janus Henderson Group PLC now owns 696,713 shares of the company’s stock worth $111,100,000 after buying an additional 217,316 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of SPX Technologies by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,361 shares of the company’s stock valued at $91,003,000 after buying an additional 1,956 shares during the last quarter. 92.82% of the stock is owned by institutional investors.
SPX Technologies Stock Up 2.3 %
SPX Technologies stock opened at $134.44 on Friday. The stock has a market cap of $6.24 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. 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 has a fifty day moving average of $145.06 and a 200 day moving average of $154.15. SPX Technologies, Inc. has a one year low of $116.05 and a one year high of $183.83.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on SPX Technologies
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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