SPX Technologies (NYSE:SPXC) Stock Rating Upgraded by Wall Street Zen

SPX Technologies (NYSE:SPXC) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

A number of other brokerages also recently issued reports on SPXC. JPMorgan Chase & Co. lowered their price objective 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. Wolfe Research assumed coverage on shares of SPX Technologies in a research report on Tuesday, September 15th. They set an “outperform” rating and a $250.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of SPX Technologies from $250.00 to $243.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Zacks Research downgraded SPX Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Robert W. Baird assumed coverage on shares of SPX Technologies in a research note on Monday, October 5th. They set an “outperform” rating and a $220.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.82.

SPX Technologies Trading Down 0.2%

Shares of SPX Technologies stock opened at $159.65 on Friday. SPX Technologies has a 1-year low of $148.17 and a 1-year high of $251.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.84 and a quick ratio of 1.17. The company’s fifty day simple moving average is $178.60 and its 200-day simple moving average is $207.51. The stock has a market capitalization of $8.00 billion, a PE ratio of 27.06, a P/E/G ratio of 1.04 and a beta of 1.26.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Thursday, October 29th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.09. The business had revenue of $714.50 million during the quarter, compared to analysts’ expectations of $710.38 million. SPX Technologies had a return on equity of 16.96% and a net margin of 11.48%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 EPS. As a group, equities analysts anticipate that SPX Technologies will post 8.43 earnings per share for the current year.

Hedge Funds Weigh In On SPX Technologies

Several large investors have recently added to or reduced their stakes in SPXC. Covestor Ltd raised its stake in shares of SPX Technologies by 1,063.0% during the 3rd quarter. Covestor Ltd now owns 2,233 shares of the company’s stock worth $379,000 after acquiring an additional 2,041 shares in the last quarter. Provenance Wealth Advisors LLC purchased a new position in shares of SPX Technologies during the 3rd quarter worth approximately $354,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in SPX Technologies by 81.8% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,000 shares of the company’s stock worth $1,017,000 after acquiring an additional 2,700 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of SPX Technologies by 13.2% during the third quarter. Oppenheimer & Co. Inc. now owns 7,332 shares of the company’s stock worth $1,243,000 after purchasing an additional 855 shares in the last quarter. Finally, Segment Wealth Management LLC boosted its holdings in shares of SPX Technologies by 18.3% during the third quarter. Segment Wealth Management LLC now owns 12,025 shares of the company’s stock valued at $2,039,000 after acquiring an additional 1,858 shares during the period. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Key Headlines Impacting SPX Technologies

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

• Positive Sentiment: Raised 2026 outlook and data-center opportunity: Management increased its 2026 adjusted EBITDA growth forecast to approximately 25% and outlined roughly $1.1 billion of data-center-related capacity, reinforcing expectations for continued demand in cooling and HVAC infrastructure. SPX outlines data center capacity and raises EBITDA guidance
• Positive Sentiment: Third-quarter results exceeded estimates: SPX Technologies reported $714.5 million in revenue, up 20.5% year over year, and adjusted earnings of $2.21 per share versus the $2.12 consensus estimate. Revenue, operating profit and earnings all improved from the prior-year period. SPX Technologies third-quarter earnings report
• Positive Sentiment: Valuation argument remains supportive: One analysis estimates SPXC could be about 17% undervalued even after the guidance increase. The company’s growth profile is also supported by prior analyst targets substantially above its recent trading level. SPX Technologies stock may be undervalued
• Neutral Sentiment: Mixed institutional positioning: Recent filings show both additions and reductions by major investors, including purchases by Capital World Investors and sales by BlackRock, offering no clear institutional consensus. The company has comparatively moderate leverage, but quarterly capital spending and total liabilities remain important areas to monitor. SPX Technologies third-quarter financial results
• Negative Sentiment: Broader market risk is weighing on sentiment: Technical analysts warned that a break in S&P 500 support could trigger steeper selling. That market-wide caution may be pressuring SPXC even though its operating results and guidance were favorable. Market technical analysis and S&P 500 support warning

About SPX Technologies

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.