SPX Technologies, Inc. $SPXC Position Lifted by Robeco Schweiz AG

Robeco Schweiz AG raised its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 17.4% in the third quarter, Holdings Channel.com reports. The fund owned 179,472 shares of the company’s stock after buying an additional 26,643 shares during the quarter. Robeco Schweiz AG’s holdings in SPX Technologies were worth $30,431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Amundi raised its stake in shares of SPX Technologies by 31.2% in the 2nd quarter. Amundi now owns 324,732 shares of the company’s stock valued at $79,645,000 after acquiring an additional 77,148 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of SPX Technologies by 181.2% during the 2nd quarter. Hsbc Holdings PLC now owns 9,106 shares of the company’s stock valued at $2,222,000 after acquiring an additional 5,868 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of SPX Technologies during the 1st quarter valued at $1,000,000. Squarepoint Ops LLC purchased a new stake in SPX Technologies during the 2nd quarter worth $14,194,000. Finally, Bank of America Corp DE purchased a new stake in SPX Technologies during the 2nd quarter worth $86,545,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on SPXC shares. Weiss Ratings lowered SPX Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, September 21st. JPMorgan Chase & Co. decreased their target price on SPX Technologies from $282.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. B. Riley Financial increased their target price on SPX Technologies from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Vertical Research started coverage on SPX Technologies in a report on Monday, September 28th. They set a “buy” rating and a $215.00 target price on the stock. Finally, Wolfe Research assumed coverage on SPX Technologies in a research report on Tuesday, September 15th. They set an “outperform” rating and a $250.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $247.00.

SPX Technologies Stock Up 0.4%

Shares of NYSE:SPXC opened at $160.57 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $183.00 and a 200 day simple moving average of $206.29. The firm has a market cap of $8.04 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.03 and a beta of 1.24. SPX Technologies, Inc. has a 12-month low of $155.86 and a 12-month high of $251.08.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.17. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. The firm had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $640.18 million. During the same period in the prior year, the company posted $1.65 earnings per share. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, equities research analysts anticipate that SPX Technologies, Inc. will post 8.48 EPS for the current fiscal year.

SPX Technologies Profile

SPX Technologies, Inc (NYSE:SPXC) is a diversified industrial technology company that develops and manufactures engineered products and solutions for the heating, ventilation, air conditioning and infrastructure markets. The company serves commercial, industrial and residential customers through specialized technologies designed to support building climate control, utility infrastructure and related applications.

SPX Technologies operates through two primary business segments: HVAC and Detection & Measurement.