SPX Technologies, Inc. $SPXC Shares Acquired by EULAV Asset Management

EULAV Asset Management increased its stake in SPX Technologies, Inc. (NYSE:SPXC) by 61.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 116,500 shares of the company’s stock after buying an additional 44,500 shares during the quarter. EULAV Asset Management owned about 0.23% of SPX Technologies worth $23,307,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of SPX Technologies by 46.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock valued at $14,854,000 after buying an additional 23,439 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of SPX Technologies in the 3rd quarter valued at $4,626,000. Waratah Capital Advisors Ltd. bought a new stake in shares of SPX Technologies in the 3rd quarter valued at $6,708,000. Interval Partners LP bought a new stake in shares of SPX Technologies in the 3rd quarter valued at $7,452,000. Finally, Goelzer Investment Management Inc. bought a new stake in shares of SPX Technologies in the 4th quarter valued at $720,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

Wall Street Analyst Weigh In

SPXC has been the subject of a number of research reports. Wells Fargo & Company increased their target price on SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Truist Financial increased their target price on SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. increased their target price on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wall Street Zen cut SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $240.00 to $280.00 in a report on Friday, February 13th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $249.44.

SPX Technologies Price Performance

Shares of NYSE SPXC opened at $227.93 on Friday. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 1.73 and a beta of 1.28. The business has a 50-day moving average of $211.57 and a 200-day moving average of $213.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39. SPX Technologies, Inc. has a fifty-two week low of $152.79 and a fifty-two week high of $246.68.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $566.80 million during the quarter, compared to analysts’ expectations of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.SPX Technologies’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 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, sell-side analysts predict that SPX Technologies, Inc. will post 7.98 earnings per share for the current fiscal year.

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.