Inceptionr LLC Purchases Shares of 2,823 SPX Technologies, Inc. $SPXC

Inceptionr LLC acquired a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,823 shares of the company’s stock, valued at approximately $527,000.

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

Insider Buying and Selling

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 value of $2,584,440.00. Following the completion of the sale, the insider directly owned 38,020 shares of the company’s stock, valued at approximately $8,188,367.40. This trade represents a 23.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

SPXC has been the topic of several recent analyst reports. Oppenheimer raised their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $240.00 to $280.00 in a report on Friday, February 13th. B. Riley Financial reissued a “buy” rating and set a $244.00 price target (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Wells Fargo & Company raised their price target on shares of SPX Technologies from $220.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Finally, TD Cowen restated a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Seven investment 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 presently has an average rating of “Moderate Buy” and a consensus target price of $250.63.

SPX Technologies Price Performance

SPXC opened at $210.89 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.82 and a current ratio of 2.48. SPX Technologies, Inc. has a 52-week low of $115.00 and a 52-week high of $246.68. The stock has a market capitalization of $10.52 billion, a PE ratio of 42.09, a price-to-earnings-growth ratio of 1.61 and a beta of 1.30. The stock’s 50 day moving average price is $219.25 and its 200-day moving average price is $206.39.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $637.30 million during the quarter, compared to analyst estimates of $625.98 million. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, equities research analysts predict that SPX Technologies, Inc. will post 5.57 EPS for the current year.

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.