Bessemer Group Inc. Has $8.52 Million Position in SPX Technologies, Inc. $SPXC

Bessemer Group Inc. lessened its position in SPX Technologies, Inc. (NYSE:SPXC) by 65.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,612 shares of the company’s stock after selling 80,930 shares during the period. Bessemer Group Inc.’s holdings in SPX Technologies were worth $8,520,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SPXC. Hantz Financial Services Inc. increased its position in shares of SPX Technologies by 21.4% in the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after buying an additional 45 shares in the last quarter. Lido Advisors LLC lifted its holdings in SPX Technologies by 1.6% during the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after acquiring an additional 50 shares in the last quarter. Intrust Bank NA lifted its holdings in SPX Technologies by 3.6% during the fourth quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock worth $332,000 after acquiring an additional 58 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in SPX Technologies by 4.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock valued at $286,000 after acquiring an additional 60 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake 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 acquiring an additional 62 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Price Performance

Shares of NYSE SPXC opened at $211.85 on Monday. The firm has a market cap of $10.61 billion, a PE ratio of 41.46, a PEG ratio of 1.56 and a beta of 1.27. 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 $171.31 and a 1-year high of $251.08. The company has a fifty day moving average price of $222.72 and a 200 day moving average price of $217.19.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SPXC shares. Wells Fargo & Company raised their price target 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 initiated coverage on SPX Technologies in a research report on Friday, March 27th. They issued an “outperform” rating and a $243.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Wolfe Research reissued an “outperform” rating and set a $266.00 target price on shares of SPX Technologies in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.50.

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.