Vontobel Holding Ltd. Has $990,000 Stake in SPX Technologies, Inc. (NYSE:SPXC)

Vontobel Holding Ltd. trimmed its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,800 shares of the company’s stock after selling 170 shares during the period. Vontobel Holding Ltd.’s holdings in SPX Technologies were worth $990,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in shares of SPX Technologies in the fourth quarter valued at approximately $27,000. V Square Quantitative Management LLC bought a new position in shares of SPX Technologies during the third quarter worth approximately $28,000. Spire Wealth Management bought a new position in shares of SPX Technologies during the fourth quarter worth approximately $57,000. Hilltop National Bank increased its stake 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 purchasing an additional 89 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of SPX Technologies by 247.9% during the third quarter. Farther Finance Advisors LLC now owns 501 shares of the company’s stock worth $80,000 after purchasing an additional 357 shares during the period. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Price Performance

SPX Technologies stock opened at $150.97 on Wednesday. The stock’s fifty day moving average price is $148.69 and its two-hundred day moving average price is $155.63. SPX Technologies, Inc. has a one year low of $103.11 and a one year high of $183.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. The firm has a market cap of $7.00 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29.

Analyst Ratings Changes

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

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.