Northwestern Mutual Investment Management Company LLC Makes New Investment in SPX Technologies, Inc. $SPXC

Northwestern Mutual Investment Management Company LLC bought a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,150 shares of the company’s stock, valued at approximately $2,231,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. acquired a new stake in shares of SPX Technologies during the 3rd quarter valued at $28,000. Cullen Frost Bankers Inc. boosted its holdings in shares of SPX Technologies by 52.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. Optiver Holding B.V. boosted its holdings in shares of SPX Technologies by 110.5% during the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after acquiring an additional 84 shares in the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of SPX Technologies during the 4th quarter valued at $37,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of SPX Technologies during the 4th quarter valued at $40,000. 92.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. BMO Capital Markets assumed coverage on SPX Technologies in a report on Friday, March 27th. They set an “outperform” rating and a $243.00 price objective on the stock. Wall Street Zen downgraded SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Wells Fargo & Company raised their price objective on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Truist Financial raised their price objective on SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, SPX Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $249.44.

SPX Technologies Stock Down 1.1%

Shares of NYSE:SPXC opened at $201.35 on Friday. The firm has a market cap of $10.10 billion, a P/E ratio of 39.40, a P/E/G ratio of 1.48 and a beta of 1.31. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28. SPX Technologies, Inc. has a 12-month low of $147.39 and a 12-month high of $246.68. The business has a fifty day simple moving average of $207.74 and a 200 day simple moving average of $212.82.

SPX Technologies (NYSE:SPXC) last announced its earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. The business had revenue of $566.80 million during the quarter, compared to analyst estimates of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.SPX Technologies’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Analysts predict that SPX Technologies, Inc. will post 7.97 earnings per share for the current 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.