Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of SPX Technologies, Inc. (NYSE:SPXC)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of SPX Technologies, Inc. (NYSE:SPXC). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in SPX Technologies stock on July 16th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

SPX Technologies Stock Up 0.9%

NYSE:SPXC traded up $1.72 during midday trading on Tuesday, reaching $198.09. 225,848 shares of the stock traded hands, compared to its average volume of 551,177. The stock has a market capitalization of $9.92 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. SPX Technologies, Inc. has a 12-month low of $179.62 and a 12-month high of $251.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.82. The business has a 50-day moving average of $212.27 and a two-hundred day moving average of $215.29.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.17. The company 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 16.53% and a net margin of 11.27%.SPX Technologies’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period last year, the business earned $1.65 earnings per share. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, equities analysts forecast that SPX Technologies, Inc. will post 8.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SPX Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its position in SPX Technologies by 8.1% during the 1st quarter. Royal Bank of Canada now owns 38,386 shares of the company’s stock valued at $4,942,000 after purchasing an additional 2,892 shares during the period. AQR Capital Management LLC lifted its position in shares of SPX Technologies by 74.5% during the first 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 in the last quarter. Millennium Management LLC lifted its stake in shares of 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 buying an additional 56,799 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of SPX Technologies by 21.8% in the first quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock worth $80,000 after buying 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 SPX Technologies by 1.8% during 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 acquiring an additional 3,353 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SPXC. Zacks Research raised SPX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Wolfe Research reissued an “outperform” rating and set a $266.00 target price on shares of SPX Technologies in a research note on Thursday, July 9th. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 price target on shares of SPX Technologies in a report on Monday, August 3rd. Finally, B. Riley Financial increased their price target on shares of SPX Technologies from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, SPX Technologies currently has an average rating of “Buy” and an average target price of $266.67.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.