Capital International Investors Makes New Investment in SPX Technologies, Inc. $SPXC

Capital International Investors acquired a new position in SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,537,009 shares of the company’s stock, valued at approximately $307,494,000. Capital International Investors owned 3.08% of SPX Technologies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Optiver Holding B.V. raised its position 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 worth $30,000 after acquiring an additional 84 shares during the period. Ares Financial Consulting LLC purchased a new position in shares of SPX Technologies during the 4th quarter valued at approximately $37,000. Flagship Harbor Advisors LLC purchased a new position in shares of SPX Technologies during the 4th quarter valued at approximately $40,000. Sound Income Strategies LLC acquired a new stake in SPX Technologies in the 4th quarter valued at $45,000. Finally, Hazlett Burt & Watson Inc. grew 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 valued at $47,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

Wall Street Analysts Forecast Growth

SPXC has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of SPX Technologies in a research note on Friday, March 27th. They issued an “outperform” rating and a $243.00 price target on the stock. Wells Fargo & Company upped 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. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $280.00 in a research report on Friday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Oppenheimer upped their price objective on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, SPX Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $249.44.

SPX Technologies Stock Up 0.1%

Shares of SPXC opened at $227.93 on Monday. SPX Technologies, Inc. has a 52-week low of $152.79 and a 52-week high of $246.68. The company has a market capitalization of $11.41 billion, a PE ratio of 44.60, a price-to-earnings-growth ratio of 1.67 and a beta of 1.28. The stock has a fifty day simple moving average of $211.57 and a two-hundred day simple moving average of $213.14. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. During the same period last year, the company earned $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. As a group, equities analysts forecast that SPX Technologies, Inc. will post 7.98 EPS for the current year.

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.