Pacer Advisors Inc. Boosts Stock Position in SPX Technologies, Inc. $SPXC

Pacer Advisors Inc. lifted its stake in SPX Technologies, Inc. (NYSE:SPXC) by 23.2% in the first quarter, Holdings Channel.com reports. The fund owned 13,268 shares of the company’s stock after purchasing an additional 2,498 shares during the period. Pacer Advisors Inc.’s holdings in SPX Technologies were worth $2,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in SPX Technologies by 46.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock valued at $14,854,000 after buying an additional 23,439 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of SPX Technologies by 4.1% in the first quarter. Principal Financial Group Inc. now owns 445,434 shares of the company’s stock worth $89,060,000 after buying an additional 17,524 shares in the last quarter. State of Michigan Retirement System bought a new position in shares of SPX Technologies in the fourth quarter valued at approximately $2,361,000. Inceptionr LLC grew its stake in SPX Technologies by 101.6% during the fourth quarter. Inceptionr LLC now owns 5,691 shares of the company’s stock valued at $1,139,000 after acquiring an additional 2,868 shares in the last quarter. Finally, State of Wyoming grew its stake in SPX Technologies by 226.2% during the fourth quarter. State of Wyoming now owns 3,340 shares of the company’s stock valued at $668,000 after acquiring an additional 2,316 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on SPXC shares. Wall Street Zen upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded shares of SPX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Oppenheimer reiterated an “outperform” rating and issued a $280.00 price objective (up from $272.00) on shares of SPX Technologies in a research report on Monday, July 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of SPX Technologies in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $266.67.

SPX Technologies Trading Up 1.0%

Shares of SPXC opened at $216.23 on Friday. The firm’s 50 day simple moving average is $224.68 and its 200 day simple moving average is $217.70. The company has a market capitalization of $10.83 billion, a P/E ratio of 38.89, a P/E/G ratio of 1.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.82 and a quick ratio of 1.21. SPX Technologies, Inc. has a 1-year low of $179.62 and a 1-year high of $251.08.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $640.18 million. During the same quarter in the previous year, the company earned $1.65 EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Sell-side analysts forecast that SPX Technologies, Inc. will post 8.47 earnings per share for the current fiscal year.

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.