Jupiter Topco LLC Acquires New Position in SPX Technologies, Inc. $SPXC

Jupiter Topco LLC bought a new position in SPX Technologies, Inc. (NYSE:SPXC) in the second quarter, according to its most recent filing with the SEC. The firm bought 1,898,958 shares of the company’s stock, valued at approximately $465,593,000. Jupiter Topco LLC owned approximately 3.79% of SPX Technologies as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SPXC. BlackRock Inc. acquired a new position in SPX Technologies during the second quarter valued at $1,189,365,000. Capital International Investors purchased a new position in shares of SPX Technologies during the 4th quarter valued at about $307,494,000. First Trust Advisors LP lifted its holdings in shares of SPX Technologies by 181.4% in the 1st quarter. First Trust Advisors LP now owns 1,362,871 shares of the company’s stock valued at $272,492,000 after buying an additional 878,494 shares during the period. Invesco Ltd. lifted its holdings 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 valued at $351,000,000 after buying an additional 722,039 shares during the period. Finally, Norges Bank purchased a new stake in shares of SPX Technologies in the fourth quarter worth about $123,721,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Up 0.3%

Shares of SPXC opened at $201.55 on Wednesday. The firm has a market cap of $10.10 billion, a P/E ratio of 36.25, a PEG ratio of 1.31 and a beta of 1.27. SPX Technologies, Inc. has a 12 month low of $179.62 and a 12 month high of $251.08. The stock’s 50 day moving average is $219.88 and its two-hundred day moving average is $217.42. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23.

SPX Technologies (NYSE:SPXC) last announced its earnings results on Thursday, July 30th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. The firm had revenue of $679.00 million for the quarter, compared to analyst estimates of $640.18 million. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The business’s revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Analysts predict that SPX Technologies, Inc. will post 8.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPXC has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Zacks Research raised shares of SPX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 target price on shares of SPX Technologies in a report on Monday, August 3rd. Wall Street Zen upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $266.67.

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.