SPX Technologies, Inc. $SPXC Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,815 shares of the company’s stock after acquiring an additional 9,567 shares during the quarter. Bank of New York Mellon Corp’s holdings in SPX Technologies were worth $65,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its stake in SPX Technologies by 21.4% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Intrust Bank NA raised its stake in SPX Technologies by 3.6% during the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock worth $332,000 after acquiring an additional 58 shares in the last quarter. Signaturefd LLC raised its stake in SPX Technologies by 19.9% during the 4th quarter. Signaturefd LLC now owns 397 shares of the company’s stock worth $79,000 after acquiring an additional 66 shares in the last quarter. Savant Capital LLC grew its position in SPX Technologies by 6.5% during the 3rd quarter. Savant Capital LLC now owns 1,307 shares of the company’s stock worth $244,000 after purchasing an additional 80 shares during the last quarter. Finally, State of Wyoming grew its position in SPX Technologies by 8.8% during the 3rd quarter. State of Wyoming now owns 1,024 shares of the company’s stock worth $191,000 after purchasing an additional 83 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Stock Down 0.5%

SPXC stock opened at $228.77 on Wednesday. The company has a market cap of $11.45 billion, a P/E ratio of 44.77, a P/E/G ratio of 1.69 and a beta of 1.28. SPX Technologies, Inc. has a 52 week low of $152.79 and a 52 week high of $246.68. The company’s 50-day moving average price is $212.73 and its 200 day moving average price is $213.48. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $566.80 million for the quarter, compared to the consensus estimate of $557.62 million. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, research analysts expect that SPX Technologies, Inc. will post 7.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPXC has been the topic of several research reports. Truist Financial raised their price objective on shares of SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. BMO Capital Markets initiated coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 price objective on the stock. Wells Fargo & Company raised 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. Finally, Oppenheimer lifted their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $249.44.

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.