SPX Technologies (NYSE:SPXC) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of SPX Technologies (NYSE:SPXC) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other equities research analysts also recently issued reports on SPXC. Wells Fargo & Company lifted their price target on shares of SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a research report on Friday. TD Cowen restated a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. BMO Capital Markets assumed coverage on SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 price target for the company. Finally, Oppenheimer raised their price target on SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, SPX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $247.22.

SPX Technologies Price Performance

SPXC stock opened at $207.71 on Friday. The firm has a 50 day moving average of $212.45 and a 200-day moving average of $211.77. SPX Technologies has a 12-month low of $142.11 and a 12-month high of $246.68. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 0.22. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 1.60 and a beta of 1.31.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 17.65%. The company had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. During the same period last year, the firm earned $1.38 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, equities analysts expect that SPX Technologies will post 7.94 EPS for the current fiscal year.

Institutional Trading of SPX Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in SPX Technologies by 8.1% in the 1st quarter. Royal Bank of Canada now owns 38,386 shares of the company’s stock worth $4,942,000 after acquiring an additional 2,892 shares during the period. AQR Capital Management LLC raised its holdings in SPX Technologies by 74.5% in the 1st 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% in the 1st quarter. Millennium Management LLC now owns 83,285 shares of the company’s stock valued at $10,725,000 after acquiring an additional 56,799 shares during the last quarter. NewEdge Advisors LLC raised its holdings in SPX Technologies by 21.8% in the 1st quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock valued at $80,000 after acquiring an additional 112 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in SPX Technologies by 1.8% in the 1st 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 acquiring an additional 3,353 shares during the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about SPX Technologies

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

• Positive Sentiment: Q1 results beat expectations: SPX reported $1.69 EPS vs. $1.55 consensus and revenue of $566.8M (up 17.4% y/y), showing solid margin and top‑line growth. This underpins the bullish analyst activity. SPX Reports First Quarter 2026 Results
• Positive Sentiment: Wells Fargo raised its price target to $240 and moved SPXC to an “Overweight” rating, signaling institutional confidence that there’s meaningful upside from current levels. Benzinga
• Positive Sentiment: Truist also hiked its price target (to $251), adding to the positive analyst momentum following the quarter. Truist Raises Price Target
• Neutral Sentiment: Management hosted an earnings call and published transcripts/recaps; the call highlights growth drivers and updated expectations — useful for investors wanting more color but not introducing new headline surprises. Earnings Call Highlights
• Negative Sentiment: FY‑2026 guidance was set to an EPS range of 7.75–8.15, which sits around or slightly below some street estimates (consensus ~7.87); that tempered the reaction for some investors and may explain profit‑taking after the beat. Earnings / Guidance Details

About SPX Technologies

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.