Tidal Investments LLC Has $12.84 Million Stake in SPX Technologies, Inc. $SPXC

Tidal Investments LLC raised its stake in SPX Technologies, Inc. (NYSE:SPXC) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,384 shares of the company’s stock after purchasing an additional 5,061 shares during the quarter. Tidal Investments LLC owned 0.10% of SPX Technologies worth $12,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SPXC. Group One Trading LLC purchased a new position in shares of SPX Technologies during the second quarter valued at approximately $32,000. Hazlett Burt & Watson Inc. lifted its stake in SPX Technologies by 56.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after acquiring an additional 85 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SPX Technologies during the 2nd quarter valued at $47,000. Hantz Financial Services Inc. boosted its holdings in SPX Technologies by 21.4% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in SPX Technologies during the 1st quarter worth $51,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Price Performance

Shares of NYSE:SPXC opened at $191.58 on Friday. The firm has a market capitalization of $9.60 billion, a PE ratio of 34.46, a P/E/G ratio of 1.22 and a beta of 1.27. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $208.98 and a two-hundred day moving average price of $214.09. SPX Technologies, Inc. has a twelve month low of $179.62 and a twelve month high of $251.08.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SPXC. Weiss Ratings raised shares of SPX Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 price objective on shares of SPX Technologies in a research note on Monday, August 3rd. Wolfe Research reissued an “outperform” rating and set a $266.00 target price on shares of SPX Technologies in a research report on Thursday, July 9th. Oppenheimer restated an “outperform” rating and issued a $280.00 target price (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. Finally, Zacks Research raised SPX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $266.67.

SPX Technologies Company Profile

SPX Technologies, Inc is a Charlotte, North Carolina-based industrial technology company that provides equipment and services used in heating, ventilation, air conditioning, cooling, and infrastructure applications. The company serves customers in commercial, industrial, utility, and residential markets through operations in North America and internationally.

SPX Technologies operates through two principal segments: HVAC and Detection & Measurement. Its HVAC businesses develop and manufacture cooling towers, evaporative cooling systems, air-conditioning and heating equipment, boilers, and related products.