SPX Technologies, Inc. $SPXC Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in SPX Technologies, Inc. (NYSE:SPXC) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 849,160 shares of the company’s stock after selling 2,644 shares during the quarter. Dimensional Fund Advisors LP’s holdings in SPX Technologies were worth $169,753,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Hantz Financial Services Inc. boosted its position in SPX Technologies by 21.4% during the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Lido Advisors LLC raised its holdings in SPX Technologies by 1.6% in the 4th quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock valued at $586,000 after acquiring an additional 50 shares during the last quarter. Intrust Bank NA lifted its stake in SPX Technologies by 3.6% in the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock worth $332,000 after purchasing an additional 58 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in SPX Technologies by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock worth $286,000 after purchasing an additional 60 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of SPX Technologies by 7.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock worth $188,000 after purchasing an additional 62 shares during the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Trading Up 0.2%

SPXC opened at $220.27 on Friday. The stock has a market capitalization of $11.03 billion, a PE ratio of 43.11, a P/E/G ratio of 1.62 and a beta of 1.27. SPX Technologies, Inc. has a one year low of $175.00 and a one year high of $251.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. The business’s 50 day moving average price is $224.30 and its 200 day moving average price is $217.64.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPXC. Truist Financial upped their price target on SPX Technologies from $261.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Oppenheimer reissued an “outperform” rating and set a $280.00 price objective (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.30.

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.