Dynamic Technology Lab Private Ltd Invests $1.76 Million in SPX Technologies, Inc. $SPXC

Dynamic Technology Lab Private Ltd purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,422 shares of the company’s stock, valued at approximately $1,760,000.

Other hedge funds also recently modified their holdings of the company. Kennedy Capital Management LLC raised its holdings in SPX Technologies by 271.0% in the 2nd quarter. Kennedy Capital Management LLC now owns 70,191 shares of the company’s stock valued at $11,770,000 after buying an additional 51,273 shares during the last quarter. Principal Financial Group Inc. grew its holdings in SPX Technologies by 11.2% during the 3rd quarter. Principal Financial Group Inc. now owns 550,863 shares of the company’s stock worth $102,890,000 after acquiring an additional 55,482 shares during the last quarter. Moody Aldrich Partners LLC increased its position in SPX Technologies by 18.8% in the 3rd quarter. Moody Aldrich Partners LLC now owns 33,475 shares of the company’s stock valued at $6,252,000 after acquiring an additional 5,290 shares during the period. Emerald Advisers LLC increased its position in SPX Technologies by 13.6% in the 3rd quarter. Emerald Advisers LLC now owns 153,507 shares of the company’s stock valued at $28,672,000 after acquiring an additional 18,403 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of SPX Technologies by 36.6% during the third quarter. Voya Investment Management LLC now owns 186,359 shares of the company’s stock valued at $34,808,000 after acquiring an additional 49,884 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Down 3.4%

Shares of SPX Technologies stock opened at $204.77 on Friday. The stock’s 50-day moving average is $219.00 and its 200 day moving average is $205.95. SPX Technologies, Inc. has a one year low of $115.00 and a one year high of $246.68. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 1.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.48 and a quick ratio of 1.82.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Tuesday, February 24th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The business had revenue of $637.30 million during the quarter, compared to the consensus estimate of $625.98 million. During the same period in the previous year, the company posted $1.51 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. Equities research analysts anticipate that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Analysts Set New Price Targets

SPXC has been the topic of a number of recent research reports. B. Riley Financial reiterated a “buy” rating and set a $244.00 price target (up from $225.00) on shares of SPX Technologies in a report on Wednesday, December 10th. TD Cowen reaffirmed a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Wells Fargo & Company increased their price target on SPX Technologies from $220.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $250.63.

Insider Activity at SPX Technologies

In other news, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction 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 sale, the insider owned 38,020 shares in the company, valued at $8,188,367.40. The trade was a 23.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.32% of the stock is currently owned by company insiders.

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.