Jennison Associates LLC Invests $719,000 in SPX Technologies, Inc. $SPXC

Jennison Associates LLC acquired a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, Holdings Channel reports. The fund acquired 3,592 shares of the company’s stock, valued at approximately $719,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in SPX Technologies by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock worth $989,649,000 after buying an additional 232,436 shares during the period. Invesco Ltd. boosted its position in shares of SPX Technologies by 62.4% in the third quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock valued at $351,000,000 after acquiring an additional 722,039 shares during the period. Alliancebernstein L.P. grew its stake in shares of SPX Technologies by 0.4% in the third quarter. Alliancebernstein L.P. now owns 667,605 shares of the company’s stock worth $124,695,000 after acquiring an additional 2,631 shares during the last quarter. Principal Financial Group Inc. increased its position in SPX Technologies by 11.2% during the third quarter. Principal Financial Group Inc. now owns 550,863 shares of the company’s stock worth $102,890,000 after acquiring an additional 55,482 shares during the period. Finally, GW&K Investment Management LLC increased its position in SPX Technologies by 41.0% during the third quarter. GW&K Investment Management LLC now owns 550,597 shares of the company’s stock worth $102,842,000 after acquiring an additional 160,162 shares during the period. Institutional investors own 92.82% of the company’s stock.

SPX Technologies News Roundup

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

• Positive Sentiment: Q1 results beat expectations: SPX reported $1.69 EPS vs. $1.55 consensus and revenue of $566.8M (up 17.4% y/y), showing solid margin and top?line growth. This underpins the bullish analyst activity. SPX Reports First Quarter 2026 Results
• Positive Sentiment: Wells Fargo raised its price target to $240 and moved SPXC to an “Overweight” rating, signaling institutional confidence that there’s meaningful upside from current levels. Benzinga
• Positive Sentiment: Truist also hiked its price target (to $251), adding to the positive analyst momentum following the quarter. Truist Raises Price Target
• Neutral Sentiment: Management hosted an earnings call and published transcripts/recaps; the call highlights growth drivers and updated expectations — useful for investors wanting more color but not introducing new headline surprises. Earnings Call Highlights
• Negative Sentiment: FY?2026 guidance was set to an EPS range of 7.75–8.15, which sits around or slightly below some street estimates (consensus ~7.87); that tempered the reaction for some investors and may explain profit?taking after the beat. Earnings / Guidance Details

SPX Technologies Stock Performance

NYSE SPXC opened at $207.71 on Monday. The stock has a market cap of $10.42 billion, a P/E ratio of 40.65, a PEG ratio of 1.57 and a beta of 1.31. The company’s 50-day simple moving average is $212.45 and its 200 day simple moving average is $211.95. SPX Technologies, Inc. has a twelve month low of $142.11 and a twelve month high of $246.68. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last announced its quarterly 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. The firm had revenue of $566.80 million during the quarter, compared to analysts’ expectations of $557.62 million. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, research analysts forecast that SPX Technologies, Inc. will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on SPXC shares. Bank of America raised shares of SPX Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $240.00 to $280.00 in a report on Friday, February 13th. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a report on Friday. Wall Street Zen raised shares of SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. assumed coverage on shares of SPX Technologies in a research note on Wednesday, March 4th. They issued an “overweight” rating and a $260.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $247.22.

SPX Technologies Profile

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.