Hsbc Holdings PLC Sells 7,358 Shares of SPX Technologies, Inc. $SPXC

Hsbc Holdings PLC cut its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 69.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,238 shares of the company’s stock after selling 7,358 shares during the period. Hsbc Holdings PLC’s holdings in SPX Technologies were worth $645,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in shares of SPX Technologies by 21.4% during the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after buying an additional 45 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of SPX Technologies by 1.6% in the 4th quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock valued at $586,000 after acquiring an additional 50 shares during the last quarter. Intrust Bank NA lifted its stake in shares of SPX Technologies by 3.6% in the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock valued at $332,000 after acquiring an additional 58 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in SPX Technologies by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock valued at $286,000 after acquiring an additional 60 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in SPX Technologies by 7.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock valued at $188,000 after acquiring an additional 62 shares during the period. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Key SPX Technologies News

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

• Positive Sentiment: Q2 earnings and revenue exceeded estimates. SPXC reported adjusted earnings of $2.02 per share, ahead of the $1.85 consensus and up from $1.65 a year earlier. Revenue rose 22.9% year over year to $679 million, surpassing analysts’ $640.18 million forecast. SPX Technologies Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Full-year guidance is above consensus. SPX raised or reaffirmed fiscal 2026 EPS guidance at $8.20-$8.60, compared with the $8.02 analyst estimate. Revenue guidance of $2.7-$2.8 billion also exceeds the $2.6 billion consensus, signaling continued confidence in demand and execution. SPX Reports Second Quarter 2026 Results
• Positive Sentiment: Profitability remained solid. The company reported a 10.76% net margin and 16.98% return on equity, while quarterly earnings growth suggests improving operating performance. SPX Technologies Earnings Report
• Neutral Sentiment: Analysts’ average rating remains “Moderate Buy,” providing supportive but not uniformly bullish sentiment around SPXC. SPX Technologies Receives Moderate Buy Recommendation
• Negative Sentiment: At roughly 39 times earnings, SPXC carries a premium valuation. The shares also remain below their 50-day and 200-day moving averages, which could limit gains if investors believe the strong results were already reflected in the price.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $280.00 price target (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. JPMorgan Chase & Co. increased their price objective on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Wall Street Zen cut shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Wells Fargo & Company lifted their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Wolfe Research reiterated an “outperform” rating and set a $266.00 price target on shares of SPX Technologies in a report on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SPX Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.30.

SPX Technologies Stock Up 6.1%

Shares of NYSE:SPXC opened at $199.16 on Friday. The stock’s 50-day moving average is $224.39 and its 200 day moving average is $217.59. The company has a market cap of $9.97 billion, a PE ratio of 38.97, a P/E/G ratio of 1.38 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39. SPX Technologies, Inc. has a 1 year low of $179.17 and a 1 year high of $251.08.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $640.18 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The business’s revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Sell-side analysts anticipate that SPX Technologies, Inc. will post 7.98 EPS for the current 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.