SPX Technologies (NYSE:SPXC) Given New $272.00 Price Target at Oppenheimer

SPX Technologies (NYSE:SPXC) had its price target boosted by equities research analysts at Oppenheimer from $240.00 to $272.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 19.29% from the company’s current price.

A number of other research firms also recently weighed in on SPXC. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $240.00 to $280.00 in a research note on Friday, February 13th. TD Cowen reiterated a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. B. Riley Financial reissued a “buy” rating and issued a $244.00 price target (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Weiss Ratings restated a “buy (b)” rating on shares of SPX Technologies in a research note on Monday, December 29th. Finally, Truist Financial upped their price objective on SPX Technologies from $215.00 to $216.00 and gave the company a “hold” rating in a research note on Thursday, December 18th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SPX Technologies has an average rating of “Moderate Buy” and an average price target of $245.29.

SPX Technologies Stock Performance

SPXC stock traded down $15.03 during trading on Wednesday, reaching $228.01. 379,635 shares of the stock were exchanged, compared to its average volume of 412,839. SPX Technologies has a twelve month low of $115.00 and a twelve month high of $246.68. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $11.36 billion, a P/E ratio of 48.84, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. The stock has a 50 day simple moving average of $216.86 and a 200-day simple moving average of $204.33.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. SPX Technologies had a return on equity of 18.68% and a net margin of 10.33%.The company had revenue of $637.30 million during the quarter, compared to the consensus estimate of $625.98 million. During the same quarter last year, the company earned $1.51 EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. As a group, sell-side analysts anticipate that SPX Technologies will post 5.57 earnings per share for the current year.

Insider Buying and Selling at SPX Technologies

In other news, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $215.37, for a total value of $2,584,440.00. Following the completion of the transaction, the insider owned 38,020 shares in the company, valued at approximately $8,188,367.40. The trade was a 23.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On SPX Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in SPX Technologies by 8.1% in the first quarter. Royal Bank of Canada now owns 38,386 shares of the company’s stock worth $4,942,000 after purchasing an additional 2,892 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of SPX Technologies by 74.5% in the first quarter. AQR Capital Management LLC now owns 20,734 shares of the company’s stock valued at $2,670,000 after buying an additional 8,854 shares during the last quarter. Millennium Management LLC lifted its position in SPX Technologies by 214.4% during the 1st quarter. Millennium Management LLC now owns 83,285 shares of the company’s stock worth $10,725,000 after buying an additional 56,799 shares in the last quarter. NewEdge Advisors LLC lifted its position in SPX Technologies by 21.8% during the 1st quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock worth $80,000 after buying an additional 112 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in SPX Technologies by 1.8% during 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 worth $24,742,000 after acquiring an additional 3,353 shares during the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting SPX Technologies

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

• Positive Sentiment: Wells Fargo raised its price target on SPXC to $270 and moved to an “overweight” rating, signaling significant analyst confidence and ~21% upside versus the then-current price. This is a clear buy-side endorsement that could support the stock over coming sessions. Benzinga
• Positive Sentiment: Q4 results beat consensus: EPS $1.88 vs $1.86 estimate and revenue $637.3M vs ~$626M estimate; revenue rose ~19% year-over-year. The print and growth trajectory strengthen near-term fundamentals. GlobeNewswire: Press Release
• Neutral Sentiment: Company provided FY2026 guidance: EPS 7.600–8.000 and revenue roughly $2.5–$2.6B (guidance roughly in line with Street). Guidance gives visibility but isn’t a clear upside surprise versus consensus. GlobeNewswire: Guidance
• Neutral Sentiment: Management commentary and the full earnings-call transcript are available (useful for judging margin drivers, backlog, and end-market demand) but do not materially change the headline beat/guidance picture. Earnings Call Transcript
• Negative Sentiment: Despite the beat and the Wells Fargo upgrade, shares fell — likely reflecting a few investor concerns: the EPS beat was modest, FY26 guidance was roughly in line (not an upside surprise), and the stock trades at a high P/E (~48), making it sensitive to any forward shortfalls. Short-term profit-taking and rotation after a recent run toward the 52‑week high may also be weighing on the price.

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.