SPX Technologies, Inc. $SPXC Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in SPX Technologies, Inc. (NYSE:SPXC) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 862,485 shares of the company’s stock after selling 7,314 shares during the quarter. Dimensional Fund Advisors LP’s holdings in SPX Technologies were worth $161,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of SPX Technologies by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock worth $989,649,000 after buying an additional 232,436 shares in the last quarter. Invesco Ltd. boosted 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 acquiring an additional 210,682 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of SPX Technologies by 1.7% during the second quarter. Geode Capital Management LLC now owns 1,086,522 shares of the company’s stock valued at $182,211,000 after acquiring an additional 17,735 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in SPX Technologies by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 650,803 shares of the company’s stock worth $109,127,000 after purchasing an additional 14,941 shares in the last quarter. Finally, Norges Bank acquired a new stake in SPX Technologies in the second quarter worth approximately $97,223,000. Institutional investors own 92.82% of the company’s stock.

Insider Buying and Selling at SPX Technologies

In related news, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction dated 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 transaction, the insider owned 38,020 shares of the company’s stock, valued at approximately $8,188,367.40. This trade represents a 23.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SPXC has been the topic of several research analyst reports. JPMorgan Chase & Co. started coverage on SPX Technologies in a research report on Wednesday, March 4th. They set an “overweight” rating and a $260.00 price target on the stock. Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $240.00 to $280.00 in a report on Friday, February 13th. Wells Fargo & Company lifted their target price on SPX Technologies from $220.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. TD Cowen reiterated a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Finally, Oppenheimer upped their price target on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $250.63.

SPX Technologies Price Performance

Shares of NYSE:SPXC opened at $209.97 on Tuesday. SPX Technologies, Inc. has a one year low of $115.00 and a one year high of $246.68. The stock has a fifty day moving average of $219.09 and a 200-day moving average of $206.25. The company has a market capitalization of $10.47 billion, a PE ratio of 41.91, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.82 and a current ratio of 2.48.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $637.30 million during the quarter, compared to analyst estimates of $625.98 million. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The company’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company posted $1.51 EPS. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. As a group, equities analysts anticipate that SPX Technologies, Inc. will post 5.57 EPS for the current fiscal year.

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.