Kennedy Capital Management LLC Lowers Stock Holdings in SPX Technologies, Inc. $SPXC

Kennedy Capital Management LLC reduced its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,710 shares of the company’s stock after selling 9,261 shares during the period. Kennedy Capital Management LLC owned about 0.11% of SPX Technologies worth $10,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SPXC. Hantz Financial Services Inc. boosted its holdings in SPX Technologies by 21.4% in the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after purchasing an additional 45 shares during the period. Lido Advisors LLC boosted its holdings in SPX Technologies by 1.6% in the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock valued at $586,000 after purchasing an additional 50 shares during the period. Intrust Bank NA boosted its holdings in SPX Technologies by 3.6% in the fourth quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock valued at $332,000 after purchasing an additional 58 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in SPX Technologies by 7.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock valued at $188,000 after purchasing an additional 62 shares during the period. Finally, Signaturefd LLC boosted its holdings in SPX Technologies by 19.9% in the fourth quarter. Signaturefd LLC now owns 397 shares of the company’s stock valued at $79,000 after purchasing an additional 66 shares during the period. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPXC. JPMorgan Chase & Co. lifted their target price on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Truist Financial lifted their target price on SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a report on Monday, May 4th. B. Riley Financial reiterated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. BMO Capital Markets began coverage on SPX Technologies in a report on Friday, March 27th. They issued an “outperform” rating and a $243.00 target price for the company. Finally, Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Nine 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 currently has an average rating of “Moderate Buy” and a consensus price target of $249.44.

SPX Technologies Stock Up 0.1%

SPXC opened at $230.21 on Monday. The business’s 50-day simple moving average is $214.60 and its 200-day simple moving average is $213.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. SPX Technologies, Inc. has a one year low of $152.79 and a one year high of $246.68. The stock has a market capitalization of $11.52 billion, a P/E ratio of 45.05, a price-to-earnings-growth ratio of 1.69 and a beta of 1.28.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $566.80 million for 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%.The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Analysts anticipate that SPX Technologies, Inc. will post 7.98 EPS for the current year.

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.