SPX Technologies, Inc. (NYSE:SPXC) Shares Acquired by Geneva Capital Management LLC

Geneva Capital Management LLC grew its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 0.1% during the third quarter, Holdings Channel reports. The firm owned 453,285 shares of the company’s stock after acquiring an additional 581 shares during the quarter. SPX Technologies comprises 1.2% of Geneva Capital Management LLC’s portfolio, making the stock its 27th largest holding. Geneva Capital Management LLC’s holdings in SPX Technologies were worth $72,281,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP bought a new stake in SPX Technologies in the first quarter valued at $675,000. Swiss National Bank boosted its position in SPX Technologies by 0.3% during the 1st quarter. Swiss National Bank now owns 90,118 shares of the company’s stock worth $11,096,000 after acquiring an additional 300 shares during the period. ProShare Advisors LLC grew its stake in shares of SPX Technologies by 7.4% in the first quarter. ProShare Advisors LLC now owns 8,937 shares of the company’s stock worth $1,100,000 after purchasing an additional 612 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of SPX Technologies by 19.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 15,112 shares of the company’s stock valued at $1,861,000 after purchasing an additional 2,500 shares during the period. Finally, Blair William & Co. IL raised its stake in shares of SPX Technologies by 25.7% during the first quarter. Blair William & Co. IL now owns 13,911 shares of the company’s stock valued at $1,713,000 after purchasing an additional 2,845 shares in the last quarter. Institutional investors own 92.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer downgraded shares of SPX Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 18th.

SPX Technologies Trading Down 2.3 %

Shares of SPX Technologies stock opened at $164.56 on Wednesday. The business has a fifty day simple moving average of $157.97 and a 200-day simple moving average of $148.71. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 44.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22. SPX Technologies, Inc. has a fifty-two week low of $83.15 and a fifty-two week high of $173.30. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The company had revenue of $483.70 million during the quarter, compared to analyst estimates of $501.02 million. During the same quarter last year, the firm posted $1.06 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts forecast that SPX Technologies, Inc. will post 5.56 EPS for the current fiscal year.

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.