Brown Advisory Inc. Sells 27,129 Shares of SPX Technologies, Inc. $SPXC

Brown Advisory Inc. lowered its stake in SPX Technologies, Inc. (NYSE:SPXC) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 249,532 shares of the company’s stock after selling 27,129 shares during the period. Brown Advisory Inc. owned approximately 0.50% of SPX Technologies worth $49,921,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of SPX Technologies by 46.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock worth $14,854,000 after purchasing an additional 23,439 shares during the period. Quantbot Technologies LP acquired a new stake in SPX Technologies in the third quarter valued at about $4,626,000. Waratah Capital Advisors Ltd. acquired a new stake in SPX Technologies in the third quarter valued at about $6,708,000. Interval Partners LP acquired a new stake in SPX Technologies in the third quarter valued at about $7,452,000. Finally, Goelzer Investment Management Inc. acquired a new stake in SPX Technologies in the fourth quarter valued at about $720,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

Shares of SPXC stock opened at $230.21 on Monday. The business’s 50-day moving average price is $214.60 and its 200-day moving average price is $213.99. SPX Technologies, Inc. has a 12 month low of $152.79 and a 12 month high of $246.68. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 1.69 and a beta of 1.28. 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 announced its quarterly earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The firm had revenue of $566.80 million for the quarter, compared to analyst estimates of $557.62 million. During the same period last year, the firm posted $1.38 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Equities research analysts forecast that SPX Technologies, Inc. will post 7.98 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on SPXC shares. Wells Fargo & Company raised their price objective on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. B. Riley Financial reaffirmed a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Truist Financial raised their price objective on SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $249.44.

SPX Technologies 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.