Goelzer Investment Management Inc. Acquires Shares of 3,600 SPX Technologies, Inc. $SPXC

Goelzer Investment Management Inc. acquired a new stake in SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, Holdings Channel.com reports. The firm acquired 3,600 shares of the company’s stock, valued at approximately $720,000.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in SPX Technologies by 8.1% in the 1st quarter. Royal Bank of Canada now owns 38,386 shares of the company’s stock worth $4,942,000 after acquiring an additional 2,892 shares in the last quarter. AQR Capital Management LLC raised its position in SPX Technologies by 74.5% during the first quarter. AQR Capital Management LLC now owns 20,734 shares of the company’s stock worth $2,670,000 after acquiring an additional 8,854 shares during the period. Millennium Management LLC lifted its holdings in SPX Technologies by 214.4% during the first 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 in the last quarter. NewEdge Advisors LLC lifted its holdings in SPX Technologies by 21.8% during the first quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock valued at $80,000 after purchasing an additional 112 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of SPX Technologies by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,129 shares of the company’s stock valued at $24,742,000 after purchasing an additional 3,353 shares during the period. 92.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPXC has been the subject of a number of research reports. Oppenheimer boosted their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of SPX Technologies in a report on Monday, December 29th. Truist Financial upgraded SPX Technologies from a “hold” rating to a “buy” rating and cut their price objective for the stock from $244.00 to $243.00 in a research note on Friday. TD Cowen reissued a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th. Finally, B. Riley Financial restated a “buy” rating and issued a $244.00 target price (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, SPX Technologies has an average rating of “Moderate Buy” and an average target price of $249.67.

SPX Technologies Price Performance

SPX Technologies stock opened at $199.75 on Monday. The company has a fifty day simple moving average of $217.39 and a 200-day simple moving average of $207.56. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 1.53 and a beta of 1.30. The company has a quick ratio of 1.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.22. SPX Technologies, Inc. has a 52-week low of $115.00 and a 52-week high of $246.68.

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