Brokerages Set SPX Technologies, Inc. (NYSE:SPXC) Price Target at $255.30

Shares of SPX Technologies, Inc. (NYSE:SPXC) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $264.8889.

SPXC has been the subject of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of SPX Technologies in a research note on Wednesday, July 8th. Wells Fargo & Company upped their price objective on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Truist Financial increased their target price on shares of SPX Technologies from $261.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Wolfe Research restated an “outperform” rating and set a $266.00 target price on shares of SPX Technologies in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th.

SPX Technologies News Roundup

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

• Positive Sentiment: SPX reported second-quarter adjusted earnings of $2.02 per share, above the $1.85 analyst consensus and up from $1.65 a year earlier. Revenue rose 22.9% year over year to $679 million, exceeding estimates of $640.18 million. SPX Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook to adjusted EPS of $8.20-$8.60, with an $8.40 midpoint above the prior consensus estimate of $8.02. Revenue guidance of $2.7 billion-$2.8 billion also exceeds the approximately $2.6 billion analyst expectation. SPX Technologies Raises 2026 Outlook
• Positive Sentiment: The earnings call highlighted surging data-center demand, expanded capacity and a potential data-center opportunity of roughly $1.1 billion. The company also emphasized continued mergers-and-acquisitions activity, supporting expectations for additional growth. SPXC Q2 Earnings Call Highlights
• Neutral Sentiment: Analysts maintain an overall “Moderate Buy” recommendation, although the stock’s elevated valuation—approximately 43 times earnings—could make it more sensitive to execution or guidance disappointments. SPX Technologies Analyst Recommendation

SPX Technologies Trading Up 10.2%

SPX Technologies stock opened at $219.66 on Friday. 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 has a 52 week low of $179.17 and a 52 week high of $251.08. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The stock has a 50-day moving average price of $224.63 and a 200 day moving average price of $217.60.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. SPX Technologies had a return on equity of 16.76% and a net margin of 11.27%.The firm had revenue of $679.00 million for the quarter, compared to analyst estimates of $640.18 million. During the same quarter in the prior year, the firm earned $1.65 earnings per share. SPX Technologies’s revenue for the quarter was up 22.9% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Sell-side analysts anticipate that SPX Technologies will post 7.98 EPS for the current year.

Institutional Trading of SPX Technologies

Several institutional investors have recently bought and sold shares of SPXC. Ares Financial Consulting LLC acquired a new position in shares of SPX Technologies during the 4th quarter worth approximately $37,000. Flagship Harbor Advisors LLC acquired a new stake in SPX Technologies in the 4th quarter valued at $40,000. Sound Income Strategies LLC acquired a new stake in SPX Technologies in the 4th quarter valued at $45,000. Hazlett Burt & Watson Inc. increased its holdings in SPX Technologies by 56.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock worth $47,000 after acquiring an additional 85 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in SPX Technologies in the 1st quarter worth $51,000. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Company 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.