Analysts Set SPX Technologies, Inc. (NYSE:SPXC) PT at $250.63

SPX Technologies, Inc. (NYSE:SPXC) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $250.6250.

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of SPX Technologies from $220.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. started coverage on shares of SPX Technologies in a research note on Wednesday, March 4th. They issued an “overweight” rating and a $260.00 price target for the company. Oppenheimer upped their price target on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a research note on Monday, December 29th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $244.00 price objective (up from $225.00) on shares of SPX Technologies in a report on Wednesday, December 10th.

Hedge Funds Weigh In On SPX Technologies

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

SPX Technologies Stock Performance

NYSE:SPXC opened at $200.90 on Friday. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 1.54 and a beta of 1.30. The business has a 50 day moving average of $217.74 and a 200 day moving average of $207.20. 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 has a 1-year low of $115.00 and a 1-year high of $246.68.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $637.30 million for the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business earned $1.51 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, sell-side analysts predict that SPX Technologies will post 5.57 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.