Intech Investment Management LLC Raises Stock Position in SPX Technologies, Inc. $SPXC

Intech Investment Management LLC lifted its stake in SPX Technologies, Inc. (NYSE:SPXC) by 15.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,711 shares of the company’s stock after purchasing an additional 4,438 shares during the quarter. Intech Investment Management LLC owned about 0.07% of SPX Technologies worth $6,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. purchased a new stake in SPX Technologies during the 3rd quarter valued at $28,000. Cullen Frost Bankers Inc. lifted its stake in SPX Technologies by 52.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after acquiring an additional 54 shares during the period. Optiver Holding B.V. boosted its holdings in shares of SPX Technologies by 110.5% during the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after acquiring an additional 84 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SPX Technologies during the 2nd quarter valued at about $31,000. Finally, Financial Consulate Inc. bought a new stake in shares of SPX Technologies in the third quarter worth approximately $34,000. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Price Performance

Shares of NYSE:SPXC opened at $227.00 on Friday. The company has a market capitalization of $11.32 billion, a P/E ratio of 45.31, a P/E/G ratio of 1.59 and a beta of 1.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.48 and a quick ratio of 1.70. The firm’s 50 day simple moving average is $218.13 and its two-hundred day simple moving average is $204.85. SPX Technologies, Inc. has a 1-year low of $115.00 and a 1-year high of $246.68.

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, beating the consensus estimate of $1.86 by $0.02. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The company had revenue of $637.30 million for the quarter, compared to the consensus estimate of $625.98 million. During the same quarter last year, the company earned $1.51 EPS. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. Research analysts expect that SPX Technologies, Inc. will post 5.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SPXC shares. Truist Financial raised their target price on shares of SPX Technologies from $216.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on SPX Technologies from $220.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $240.00 to $280.00 in a research report on Friday, February 13th. B. Riley Financial reissued a “buy” rating and issued a $244.00 target price (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Finally, Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.29.

Insider Buying and Selling at SPX Technologies

In other news, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $215.37, for a total value of $2,584,440.00. Following the sale, the insider directly owned 38,020 shares of the company’s stock, valued at approximately $8,188,367.40. The trade was a 23.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.32% of the stock is currently owned by insiders.

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.