Wells Fargo & Company Raises SPX Technologies (NYSE:SPXC) Price Target to $270.00

SPX Technologies (NYSE:SPXC) had its price objective raised by equities researchers at Wells Fargo & Company from $220.00 to $270.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 16.56% from the stock’s current price.

SPXC has been the subject of a number of other reports. Truist Financial boosted their target price on shares of SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a report on Thursday, December 18th. Wall Street Zen raised shares of SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $240.00 to $280.00 in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a research report on Monday, December 29th. Finally, B. Riley Financial reiterated a “buy” rating and set a $244.00 price objective (up from $225.00) on shares of SPX Technologies in a report on Wednesday, December 10th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $249.29.

SPX Technologies Stock Performance

Shares of NYSE:SPXC opened at $231.65 on Wednesday. The firm has a 50 day moving average of $217.66 and a 200 day moving average of $204.67. The company has a quick ratio of 1.70, a current ratio of 2.48 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 46.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. SPX Technologies has a 52 week low of $115.00 and a 52 week high of $246.68.

SPX Technologies (NYSE:SPXC) last announced its earnings results on Tuesday, February 24th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The business had revenue of $637.30 million for the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 EPS. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, sell-side analysts predict that SPX Technologies will post 5.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SPX Technologies news, insider J Randall Data sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $215.37, for a total transaction of $2,584,440.00. Following the completion of the transaction, the insider directly owned 38,020 shares of the company’s stock, valued at approximately $8,188,367.40. This trade represents a 23.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.32% of the company’s stock.

Institutional Trading of SPX Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors acquired a new position in SPX Technologies in the fourth quarter valued at approximately $307,494,000. Invesco Ltd. grew its stake in shares of SPX Technologies by 62.4% during the 3rd quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock worth $351,000,000 after purchasing an additional 722,039 shares during the period. Norges Bank purchased a new position in shares of SPX Technologies during the 4th quarter valued at approximately $123,721,000. Vanguard Group Inc. increased its holdings in shares of SPX Technologies by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock valued at $989,649,000 after purchasing an additional 232,436 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new position in shares of SPX Technologies in the 3rd quarter valued at $41,092,000. Institutional investors and hedge funds 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: Q4 results and guidance: SPX beat revenue and EPS estimates for Q4 (revenue growth ~19% YoY; EPS $1.88 vs. $1.86 consensus) and reiterated/issued FY26 guidance in a range that implies continued earnings growth — a key driver of the rally. Q4 Earnings Call Summary
• Positive Sentiment: Analyst upward revisions: Several brokers raised targets and maintained positive stances — Oppenheimer to $272 (outperform), Wells Fargo to $270 (overweight), Truist to $244 (hold) — signaling stronger sell-side conviction on the company’s growth trajectory. Benzinga coverage
• Neutral Sentiment: Additional coverage and detail: Earnings call transcript and write-ups add context on segment performance, margin drivers and deals that management highlighted; useful for assessing sustainment of growth. Earnings Call Transcript
• Neutral Sentiment: Analyst note/deep-dive: A sector/stock piece outlines growth opportunities and expectations — valuable for longer-term thesis but less directly market-moving than the results and target changes. Seeking Alpha piece
• Negative Sentiment: Rising short interest: Short interest jumped ~20.7% in February to ~976k shares (about 2.0% of float), which can increase volatility and indicates some investor skepticism. (Data summary provided in news feed.)
• Negative Sentiment: Coverage noting a pullback: Several articles explain why shares fell recently (one cites an ~8.8% drop), reflecting profit-taking or concerns that briefly offset the positive headline results. AAII article Yahoo explanation

About SPX Technologies

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.