TD Waterhouse Canada Inc. Has $4.88 Million Holdings in SPX Technologies, Inc. $SPXC

TD Waterhouse Canada Inc. lifted its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,176 shares of the company’s stock after acquiring an additional 3,195 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in SPX Technologies were worth $4,881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPXC. Cullen Frost Bankers Inc. raised its position in SPX Technologies by 52.9% in the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SPX Technologies during the second quarter worth about $31,000. Financial Consulate Inc. acquired a new position in shares of SPX Technologies in the third quarter valued at approximately $34,000. MAI Capital Management raised its holdings in SPX Technologies by 80.9% in the 2nd quarter. MAI Capital Management now owns 208 shares of the company’s stock valued at $35,000 after buying an additional 93 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new position in SPX Technologies in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Price Performance

Shares of NYSE SPXC opened at $208.31 on Friday. The company has a market capitalization of $10.38 billion, a PE ratio of 44.61, a P/E/G ratio of 1.77 and a beta of 1.33. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.23. SPX Technologies, Inc. has a twelve month low of $115.00 and a twelve month high of $233.71. The firm has a fifty day simple moving average of $210.99 and a 200 day simple moving average of $198.67.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.24. The firm 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 18.68% and a net margin of 10.33%.The business’s revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. On average, sell-side analysts forecast that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Truist Financial lifted their price target on shares of SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a report on Thursday, December 18th. Wells Fargo & Company started coverage on SPX Technologies in a report on Tuesday, October 14th. They issued an “overweight” rating and a $205.00 price objective for the company. B. Riley reaffirmed a “buy” rating and set a $244.00 target price (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Finally, TD Cowen reaffirmed a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.14.

Insider Activity at SPX Technologies

In other SPX Technologies news, insider John William Swann III sold 38,755 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $206.07, for a total transaction of $7,986,242.85. Following the transaction, the insider directly owned 64,266 shares in the company, valued at approximately $13,243,294.62. This represents a 37.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.37, for a total transaction of $2,584,440.00. Following the completion of the sale, the insider owned 38,020 shares of the company’s stock, valued at $8,188,367.40. This represents a 23.99% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.32% of the company’s stock.

SPX Technologies Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.