Segall Bryant & Hamill LLC Has $5.51 Million Stock Holdings in SPX Technologies, Inc. $SPXC

Segall Bryant & Hamill LLC grew its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 8.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,859 shares of the company’s stock after acquiring an additional 2,471 shares during the period. Segall Bryant & Hamill LLC owned 0.07% of SPX Technologies worth $5,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in SPX Technologies by 5.9% in the second quarter. GAMMA Investing LLC now owns 1,140 shares of the company’s stock worth $191,000 after purchasing an additional 64 shares in the last quarter. AlphaCore Capital LLC lifted its position in shares of SPX Technologies by 3.4% in the first quarter. AlphaCore Capital LLC now owns 2,068 shares of the company’s stock worth $266,000 after buying an additional 68 shares during the last quarter. Amalgamated Bank lifted its position in shares of SPX Technologies by 0.6% in the second quarter. Amalgamated Bank now owns 13,246 shares of the company’s stock worth $2,221,000 after buying an additional 76 shares during the last quarter. MAI Capital Management increased its holdings in shares of SPX Technologies by 80.9% during the 2nd quarter. MAI Capital Management now owns 208 shares of the company’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of SPX Technologies by 21.8% in the 1st quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock valued at $80,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Up 2.7%

NYSE SPXC opened at $204.74 on Monday. The firm has a 50-day simple moving average of $196.46 and a 200 day simple moving average of $181.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.28 and a current ratio of 1.97. The stock has a market cap of $10.20 billion, a PE ratio of 46.01, a PEG ratio of 2.06 and a beta of 1.36. SPX Technologies, Inc. has a twelve month low of $115.00 and a twelve month high of $233.71.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.24. The company had revenue of $592.80 million during the quarter, compared to the consensus estimate of $574.32 million. SPX Technologies had a return on equity of 19.59% and a net margin of 10.27%.The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS. On average, research analysts forecast that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company began coverage on SPX Technologies in a research report on Tuesday, October 14th. They set an “overweight” rating and a $205.00 target price for the company. TD Cowen started coverage on shares of SPX Technologies in a research note on Monday, November 10th. They issued a “hold” rating and a $225.00 target price on the stock. Wall Street Zen raised shares of SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. UBS Group raised their price target on SPX Technologies from $182.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Bank of America began coverage on SPX Technologies in a research note on Wednesday, October 8th. They issued a “neutral” rating and a $202.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, SPX Technologies has an average rating of “Moderate Buy” and an average target price of $205.22.

Insider Activity at SPX Technologies

In other news, insider John William Swann III sold 38,755 shares of SPX Technologies stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $206.07, for a total transaction of $7,986,242.85. Following the sale, the insider directly owned 64,266 shares in the company, valued at approximately $13,243,294.62. The trade was a 37.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.32% of the company’s stock.

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.