Truist Financial Forecasts Strong Price Appreciation for SPX Technologies (NYSE:SPXC) Stock

SPX Technologies (NYSE:SPXC) had its target price upped by equities research analysts at Truist Financial from $216.00 to $244.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 7.65% from the stock’s current price.

A number of other equities research analysts have also commented on SPXC. Oppenheimer raised their price target on SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company raised their target price on shares of SPX Technologies from $220.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America raised shares of SPX Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $240.00 to $280.00 in a research report on Friday, February 13th. TD Cowen reissued a “hold” rating on shares of SPX Technologies in a research note on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a research report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $249.29.

SPX Technologies Stock Performance

NYSE SPXC opened at $226.66 on Thursday. The stock has a market cap of $11.30 billion, a P/E ratio of 45.24, a PEG ratio of 1.67 and a beta of 1.32. 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 has a twelve month low of $115.00 and a twelve month high of $246.68. The company’s 50-day simple moving average is $217.24 and its 200 day simple moving average is $204.48.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Tuesday, February 24th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. SPX Technologies had a return on equity of 19.19% and a net margin of 10.77%.The business had revenue of $637.30 million during the quarter, compared to analysts’ expectations of $625.98 million. During the same period in the prior year, the firm posted $1.51 EPS. SPX Technologies’s quarterly revenue was up 19.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. As a group, research analysts forecast that SPX Technologies will post 5.57 earnings per share for the current fiscal year.

Insider Buying and Selling at SPX Technologies

In other news, insider J Randall Data sold 12,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $8,188,367.40. This trade represents a 23.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of SPX Technologies by 4.6% during the third quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock worth $989,649,000 after buying an additional 232,436 shares in the last quarter. Invesco Ltd. lifted its position in shares of SPX Technologies by 62.4% in the 3rd quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock worth $351,000,000 after purchasing an additional 722,039 shares during the period. Capital International Investors acquired a new stake in shares of SPX Technologies during the fourth quarter worth $307,494,000. Geode Capital Management LLC raised its stake in SPX Technologies by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 1,213,809 shares of the company’s stock worth $242,874,000 after buying an additional 63,889 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in SPX Technologies by 7.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,176,481 shares of the company’s stock valued at $235,368,000 after buying an additional 84,117 shares during the period. 92.82% of the stock is owned by institutional investors.

Key Stories Impacting SPX Technologies

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Q4 results beat modestly — SPX reported Q4 EPS of $1.88 vs. $1.86 consensus and revenue of $637.3M vs. $626M est., with revenue up ~19.4% year‑over‑year, showing continued top‑line momentum. SPX Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Analysts remain constructive — Oppenheimer raised its price target to $272 and Wells Fargo to $270 (both now bullish ratings), signaling continued analyst confidence and meaningful upside vs. recent levels. Benzinga
• Neutral Sentiment: FY‑2026 guidance largely in line with expectations — management set EPS guidance of $7.60–$8.00 (consensus ~7.69) and revenue guidance ~$2.5–$2.6B, which is not a clear upside surprise and leaves forward expectations roughly as modeled. Earnings Call Summary
• Negative Sentiment: Market reaction: investors sold despite the beat — multiple news outlets and commentaries highlight a sharp intraday decline after the print, indicating profit‑taking or disappointment that guidance wasn’t a standout catalyst. AAII: Why SPX Technologies Stock Is Down
• Negative Sentiment: Short interest increased — short interest rose ~20.7% in February to 976,294 shares (about 2.0% of shares outstanding) with a days‑to‑cover of ~2.6 days, which can amplify downward pressure on weak prints or headline risk.

SPX Technologies Company 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.