EULAV Asset Management Invests $13.45 Million in SPX Technologies, Inc. $SPXC

EULAV Asset Management purchased a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 72,000 shares of the company’s stock, valued at approximately $13,448,000. EULAV Asset Management owned approximately 0.15% of SPX Technologies at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its stake in SPX Technologies by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,661 shares of the company’s stock valued at $782,000 after purchasing an additional 56 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of SPX Technologies by 5.9% during the second quarter. GAMMA Investing LLC now owns 1,140 shares of the company’s stock valued at $191,000 after buying an additional 64 shares during the last quarter. Amalgamated Bank grew its holdings in shares of SPX Technologies by 0.6% during the second quarter. Amalgamated Bank now owns 13,246 shares of the company’s stock valued at $2,221,000 after buying an additional 76 shares during the last quarter. CWM LLC increased its position in shares of SPX Technologies by 2.5% during the third quarter. CWM LLC now owns 3,202 shares of the company’s stock valued at $598,000 after acquiring an additional 77 shares in the last quarter. Finally, MAI Capital Management raised its holdings in SPX Technologies by 80.9% in the 2nd quarter. MAI Capital Management now owns 208 shares of the company’s stock worth $35,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 92.82% of the company’s stock.

Insider Activity at SPX Technologies

In related news, insider John William Swann III sold 38,755 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $206.07, for a total value of $7,986,242.85. Following the transaction, the insider directly owned 64,266 shares of the company’s stock, valued at approximately $13,243,294.62. This trade represents a 37.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction on 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 transaction, the insider owned 38,020 shares in the company, valued at $8,188,367.40. This trade represents a 23.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.32% of the stock is currently owned by company insiders.

SPX Technologies Stock Up 2.1%

SPX Technologies stock opened at $214.18 on Friday. SPX Technologies, Inc. has a one year low of $115.00 and a one year high of $233.71. The stock has a fifty day moving average of $210.42 and a 200 day moving average of $195.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.70 and a current ratio of 2.47. The stock has a market cap of $10.67 billion, a PE ratio of 45.86, a price-to-earnings-growth ratio of 1.75 and a beta of 1.33.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.24. SPX Technologies had a return on equity of 18.68% and a net margin of 10.33%.The business had revenue of $592.80 million during the quarter, compared to the consensus estimate of $574.32 million. During the same period in the previous year, the company posted $1.39 EPS. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS. As a group, sell-side analysts predict that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on SPXC shares. Cowen reiterated a “hold” rating on shares of SPX Technologies in a research note on Tuesday, January 6th. Truist Financial upped their price target on SPX Technologies from $215.00 to $216.00 and gave the company a “hold” rating in a report on Thursday, December 18th. TD Cowen started coverage on SPX Technologies in a report on Monday, November 10th. They issued a “hold” rating and a $225.00 price objective for the company. Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Bank of America started coverage on shares of SPX Technologies in a report on Wednesday, October 8th. They set a “neutral” rating and a $202.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $214.14.

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.