SPX Technologies, Inc. $SPXC Holdings Decreased by Emerald Advisers LLC

Emerald Advisers LLC lowered its stake in SPX Technologies, Inc. (NYSE:SPXC) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,250 shares of the company’s stock after selling 5,537 shares during the quarter. Emerald Advisers LLC’s holdings in SPX Technologies were worth $29,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in SPX Technologies during the 4th quarter valued at about $37,000. Flagship Harbor Advisors LLC acquired a new stake in shares of SPX Technologies in the 4th quarter worth approximately $40,000. Sound Income Strategies LLC acquired a new stake in shares of SPX Technologies in the 4th quarter worth approximately $45,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of SPX Technologies by 56.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after acquiring an additional 85 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of SPX Technologies in the first quarter valued at approximately $51,000. Institutional investors own 92.82% of the company’s stock.

Analysts Set New Price Targets

SPXC has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a research report on Friday, May 1st. Wolfe Research reaffirmed an “outperform” rating and set a $266.00 price target on shares of SPX Technologies in a research note on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Finally, Truist Financial boosted their price objective on SPX Technologies from $261.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $254.50.

SPX Technologies Stock Performance

Shares of SPXC opened at $215.58 on Tuesday. The firm’s 50 day moving average is $222.03 and its 200-day moving average is $216.97. The stock has a market capitalization of $10.79 billion, a P/E ratio of 42.19, a P/E/G ratio of 1.62 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 12-month low of $169.18 and a 12-month high of $251.08.

SPX Technologies (NYSE:SPXC) last released its earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The business had revenue of $566.80 million for the quarter, compared to the consensus estimate of $557.62 million. During the same period in the previous year, the firm earned $1.38 EPS. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Equities research analysts anticipate that SPX Technologies, Inc. will post 7.98 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.