Diversified Trust Co Acquires 2,122 Shares of SPX Technologies, Inc. $SPXC

Diversified Trust Co increased its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 12.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,782 shares of the company’s stock after purchasing an additional 2,122 shares during the quarter. Diversified Trust Co’s holdings in SPX Technologies were worth $3,755,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Optiver Holding B.V. boosted its holdings in shares of SPX Technologies by 110.5% in the third quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after buying an additional 84 shares during the period. Ares Financial Consulting LLC acquired a new stake in shares of SPX Technologies during the fourth quarter worth $37,000. Flagship Harbor Advisors LLC bought a new stake in SPX Technologies in the 4th quarter valued at $40,000. Sound Income Strategies LLC bought a new stake in SPX Technologies in the 4th quarter valued at $45,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in SPX Technologies by 56.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock worth $47,000 after purchasing an additional 85 shares during the period. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Up 0.1%

Shares of SPXC stock opened at $243.16 on Monday. 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, Inc. has a 1 year low of $153.79 and a 1 year high of $246.68. The firm’s fifty day moving average price is $218.52 and its two-hundred day moving average price is $214.85. The firm has a market capitalization of $12.17 billion, a P/E ratio of 47.58, a PEG ratio of 1.78 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 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The firm had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $557.62 million. During the same period in the previous year, the firm posted $1.38 EPS. The company’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. On average, equities analysts predict that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on SPXC. B. Riley Financial reiterated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. Truist Financial boosted their price target on SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wells Fargo & Company upped their price objective on SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. BMO Capital Markets started coverage on SPX Technologies in a report on Friday, March 27th. They set an “outperform” rating and a $243.00 price objective for the company. Finally, 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 research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.44.

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.