EULAV Asset Management Has $23.31 Million Stock Position in SPX Technologies, Inc. $SPXC

EULAV Asset Management boosted its position in SPX Technologies, Inc. (NYSE:SPXC) by 61.8% in the 4th quarter, HoldingsChannel reports. The firm owned 116,500 shares of the company’s stock after acquiring an additional 44,500 shares during the period. EULAV Asset Management’s holdings in SPX Technologies were worth $23,307,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SPXC. Invesco Ltd. lifted its stake in SPX Technologies by 62.4% in the 3rd quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock valued at $351,000,000 after purchasing an additional 722,039 shares during the last quarter. Norges Bank acquired a new stake in SPX Technologies in the 4th quarter valued at about $123,721,000. Vanguard Group Inc. lifted 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 valued at $989,649,000 after purchasing an additional 232,436 shares during the last quarter. AustralianSuper Pty Ltd acquired a new stake in SPX Technologies in the 3rd quarter valued at about $41,092,000. Finally, GW&K Investment Management LLC lifted its stake in SPX Technologies by 41.0% in the 3rd quarter. GW&K Investment Management LLC now owns 550,597 shares of the company’s stock valued at $102,842,000 after purchasing an additional 160,162 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPXC. B. Riley Financial reiterated a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. BMO Capital Markets initiated coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 price objective for the company. Finally, Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $280.00 in a research report on Friday, February 13th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $249.44.

SPX Technologies Trading Down 3.5%

Shares of SPXC stock opened at $227.93 on Friday. The firm has a 50 day moving average price of $211.57 and a two-hundred day moving average price of $213.10. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $11.41 billion, a PE ratio of 44.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. SPX Technologies, Inc. has a 12-month low of $152.79 and a 12-month high of $246.68.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data 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. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The firm 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 business posted $1.38 earnings per share. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, analysts predict that SPX Technologies, Inc. will post 7.98 earnings per share for the current year.

SPX Technologies 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.