SPX Technologies (NYSE:SPXC) Hits New 12-Month Low – Should You Sell?

SPX Technologies, Inc. (NYSE:SPXC)’s share price reached a new 52-week low on Tuesday . The company traded as low as $178.35 and last traded at $178.43, with a volume of 79820 shares changing hands. The stock had previously closed at $183.19.

SPX Technologies News Summary

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

• Positive Sentiment: SPX Technologies announced—and reports indicate it completed—a $410 million cash acquisition of FIS Water. The deal expands SPXC’s cooling platform into complementary water-management and control solutions, potentially increasing its addressable market and creating cross-selling opportunities. SPX Technologies Announces Acquisition of FIS Water
• Positive Sentiment: Wolfe Research initiated coverage with an “Outperform” rating and a $250 price target, implying substantial upside from the stock’s recent level. The new coverage may support sentiment by highlighting confidence in SPXC’s growth prospects. Here is Why Growth Investors Should Buy SPX Technologies
• Positive Sentiment: Zacks said SPX Technologies has above-average financial growth characteristics and may outperform the broader market, reinforcing the bullish case for the shares.
• Neutral Sentiment: The $410 million all-cash transaction strengthens SPXC’s portfolio but also requires significant capital and carries integration and execution risks. Investors may await details on FIS Water’s contribution to revenue, earnings and 2026 guidance. Fresno’s FIS Water sold to SPX Technologies in $410M cash deal
• Neutral Sentiment: Analyst sentiment is not uniformly bullish, with recent coverage noting differing views on SPX Technologies and other industrial companies. The stock’s position below its 50-day and 200-day moving averages also indicates continued investor caution.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SPXC shares. Oppenheimer reaffirmed an “outperform” rating and issued a $280.00 price target (up from $272.00) on shares of SPX Technologies in a research report on Monday, July 20th. Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of SPX Technologies in a research report on Monday, August 3rd. Zacks Research raised shares of SPX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised SPX Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SPX Technologies currently has a consensus rating of “Buy” and a consensus target price of $264.89.

SPX Technologies Price Performance

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 business’s fifty day moving average is $206.48 and its 200 day moving average is $212.79. The company has a market cap of $8.96 billion, a P/E ratio of 32.17, a PEG ratio of 1.16 and a beta of 1.27.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data 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 business had revenue of $679.00 million during the quarter, compared to analyst estimates of $640.18 million. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.SPX Technologies’s revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, sell-side analysts anticipate that SPX Technologies, Inc. will post 8.5 EPS for the current year.

Institutional Investors Weigh In On SPX Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPXC. BlackRock Inc. bought a new position in SPX Technologies during the second quarter worth about $1,189,365,000. Jupiter Topco LLC purchased a new stake in shares of SPX Technologies during the 2nd quarter valued at approximately $465,593,000. Capital International Investors bought a new position in SPX Technologies in the 4th quarter worth approximately $307,494,000. First Trust Advisors LP boosted its holdings in SPX Technologies by 181.4% in the 1st quarter. First Trust Advisors LP now owns 1,362,871 shares of the company’s stock worth $272,492,000 after buying an additional 878,494 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in SPX Technologies by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 1,213,809 shares of the company’s stock worth $242,874,000 after buying an additional 63,889 shares during the period. 92.82% of the stock is currently owned by institutional investors.

SPX Technologies Company Profile

SPX Technologies, Inc is a Charlotte, North Carolina-based industrial technology company that provides equipment and services used in heating, ventilation, air conditioning, cooling, and infrastructure applications. The company serves customers in commercial, industrial, utility, and residential markets through operations in North America and internationally.

SPX Technologies operates through two principal segments: HVAC and Detection & Measurement. Its HVAC businesses develop and manufacture cooling towers, evaporative cooling systems, air-conditioning and heating equipment, boilers, and related products.