24,766 Shares in SPX Technologies, Inc. $SPXC Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 24,766 shares of the company’s stock, valued at approximately $4,626,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPXC. Norges Bank bought a new stake in shares of SPX Technologies during the second quarter worth $97,223,000. Vanguard Group Inc. boosted its stake in SPX Technologies by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock worth $989,649,000 after purchasing an additional 232,436 shares during the period. AustralianSuper Pty Ltd acquired a new stake in shares of SPX Technologies in the 3rd quarter valued at about $41,092,000. Invesco Ltd. lifted its holdings in shares of SPX Technologies by 22.3% in the second quarter. Invesco Ltd. now owns 1,157,177 shares of the company’s stock valued at $194,035,000 after purchasing an additional 210,682 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new stake in shares of SPX Technologies in the second quarter valued at about $19,817,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

Insiders Place Their Bets

In other SPX Technologies news, insider J Randall Data sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $215.37, for a total value of $2,584,440.00. Following the sale, the insider owned 38,020 shares in the company, valued at $8,188,367.40. This represents a 23.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.32% of the stock is currently owned by company insiders.

SPX Technologies Price Performance

NYSE:SPXC opened at $227.00 on Monday. The stock has a market capitalization of $11.32 billion, a PE ratio of 45.31, a P/E/G ratio of 1.75 and a beta of 1.30. SPX Technologies, Inc. has a 1-year low of $115.00 and a 1-year high of $246.68. The firm has a fifty day simple moving average of $218.13 and a 200 day simple moving average of $205.04. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 0.22.

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

Analysts Set New Price Targets

SPXC has been the topic of several research reports. Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $240.00 to $280.00 in a research note on Friday, February 13th. Wall Street Zen upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of SPX Technologies in a research report on Monday, December 29th. TD Cowen restated a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $244.00 price target (up from $225.00) on shares of SPX Technologies in a research note on Wednesday, December 10th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, SPX Technologies currently has an average rating of “Moderate Buy” and an average target price of $249.29.

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.