Analysts Set SPX Technologies, Inc. (NYSE:SPXC) Price Target at $214.14

Shares of SPX Technologies, Inc. (NYSE:SPXC) have received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $214.1429.

SPXC has been the topic of a number of research reports. Truist Financial increased their price objective on SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a report on Thursday, December 18th. Bank of America began coverage on shares of SPX Technologies in a research report on Wednesday, October 8th. They issued a “neutral” rating and a $202.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of SPX Technologies in a research note on Monday, December 29th. Cowen restated a “hold” rating on shares of SPX Technologies in a report on Tuesday. Finally, Wells Fargo & Company initiated coverage on shares of SPX Technologies in a report on Tuesday, October 14th. They issued an “overweight” rating and a $205.00 price objective for the company.

SPX Technologies Trading Down 0.6%

NYSE SPXC opened at $206.72 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.23. SPX Technologies has a 1-year low of $115.00 and a 1-year high of $233.71. The firm’s fifty day simple moving average is $211.29 and its 200-day simple moving average is $193.75. The company has a market capitalization of $10.30 billion, a PE ratio of 44.27, a price-to-earnings-growth ratio of 1.74 and a beta of 1.33.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, October 30th. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.24. SPX Technologies had a return on equity of 18.68% and a net margin of 10.33%.The firm had revenue of $592.80 million for the quarter, compared to the consensus estimate of $574.32 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS. As a group, sell-side analysts anticipate that SPX Technologies will post 5.57 earnings per share for the current fiscal year.

Insider Transactions at SPX Technologies

In related news, insider John William Swann III sold 38,755 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $206.07, for a total value of $7,986,242.85. Following the transaction, the insider directly owned 64,266 shares of the company’s stock, valued at approximately $13,243,294.62. This trade represents a 37.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider J Randall Data sold 12,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. acquired a new stake in shares of SPX Technologies in the third quarter worth $28,000. Cullen Frost Bankers Inc. raised its stake in 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 purchasing an additional 54 shares during the last quarter. Optiver Holding B.V. boosted its holdings in SPX Technologies by 110.5% in the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after purchasing an additional 84 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in SPX Technologies in the 2nd quarter valued at $31,000. Finally, Financial Consulate Inc. acquired a new stake in SPX Technologies in the 3rd quarter worth $34,000. 92.82% of the stock is owned by institutional investors.

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.