SPX Technologies (NYSE:SPXC) Stock Price Down 8.7% – Time to Sell?

SPX Technologies, Inc. (NYSE:SPXC) dropped 8.7% on Wednesday . The stock traded as low as $216.12 and last traded at $221.9950. Approximately 126,293 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 404,375 shares. The stock had previously closed at $243.04.

Key SPX Technologies News

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Q4 results beat expectations — EPS $1.88 vs. $1.86 estimate and revenue $637.3M vs. $625.98M; revenue rose ~19.4% year‑over‑year, signaling continued top‑line momentum. SPX Beats Q4 Estimates (Zacks)
• Positive Sentiment: Analyst bullishness increased — Oppenheimer raised its price target to $272 and maintained an Outperform rating, implying meaningful upside from current levels. Oppenheimer PT Raise (Benzinga)
• Positive Sentiment: Wells Fargo also lifted its target to $270 and set an Overweight rating, reinforcing sell‑side confidence after the quarter. Wells Fargo PT Raise (Benzinga)
• Neutral Sentiment: FY‑2026 guidance was updated to EPS $7.60–$8.00 and revenue ~$2.5–$2.6B — roughly in line with consensus (EPS ~7.69), so guidance didn’t materially exceed expectations. Press Release (GlobeNewswire)
• Neutral Sentiment: Earnings call transcript and highlights are available for deeper color on order trends, segment performance and margin outlook — useful for investors parsing sustainability of growth. Earnings Call Transcript (Seeking Alpha) Call Highlights (Yahoo)
• Negative Sentiment: Shares pulled back today despite the positives — possible reasons: the beat and guidance were modest versus already‑elevated expectations, the shares had run up (1‑yr high ~$246.68) and valuation is rich (PE ~49x), which can prompt profit‑taking. (Background performance data from recent trading.)

Analyst Ratings Changes

SPXC has been the subject of several recent research reports. TD Cowen reiterated a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. B. Riley Financial restated a “buy” rating and set a $244.00 target price (up from $225.00) on shares of SPX Technologies in a report on Wednesday, December 10th. Bank of America raised 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 research note on Friday, February 13th. Finally, Truist Financial lifted their price objective on shares of SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $245.29.

SPX Technologies Price Performance

The company has a 50-day moving average of $216.86 and a 200-day moving average of $204.33. 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 firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. SPX Technologies had a net margin of 10.33% and a return on equity of 18.68%. The firm had revenue of $637.30 million for the quarter, compared to analyst estimates of $625.98 million. During the same quarter in the previous year, the firm posted $1.51 earnings per share. The business’s 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. As a group, research analysts anticipate that SPX Technologies, Inc. will post 5.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other SPX Technologies news, insider J Randall Data sold 12,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $215.37, for a total transaction of $2,584,440.00. Following the completion of the transaction, the insider owned 38,020 shares in the company, valued at approximately $8,188,367.40. This represents a 23.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On SPX Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPXC. Royal Bank of Canada lifted its position in SPX Technologies by 8.1% during the 1st quarter. Royal Bank of Canada now owns 38,386 shares of the company’s stock worth $4,942,000 after buying an additional 2,892 shares in the last quarter. AQR Capital Management LLC increased its position in shares of SPX Technologies by 74.5% in the first quarter. AQR Capital Management LLC now owns 20,734 shares of the company’s stock valued at $2,670,000 after acquiring an additional 8,854 shares during the last quarter. Millennium Management LLC raised its holdings in SPX Technologies by 214.4% during the first quarter. Millennium Management LLC now owns 83,285 shares of the company’s stock worth $10,725,000 after acquiring an additional 56,799 shares in the last quarter. NewEdge Advisors LLC boosted its position in SPX Technologies by 21.8% during the first quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock valued at $80,000 after purchasing an additional 112 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in SPX Technologies by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,129 shares of the company’s stock valued at $24,742,000 after purchasing an additional 3,353 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

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.