Inceptionr LLC Buys 2,868 Shares of SPX Technologies, Inc. $SPXC

Inceptionr LLC lifted its stake in SPX Technologies, Inc. (NYSE:SPXC) by 101.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,691 shares of the company’s stock after buying an additional 2,868 shares during the period. Inceptionr LLC’s holdings in SPX Technologies were worth $1,139,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SPXC. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in SPX Technologies by 46.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock worth $14,854,000 after purchasing an additional 23,439 shares during the period. Quantbot Technologies LP bought a new position in shares of SPX Technologies in the third quarter valued at approximately $4,626,000. Waratah Capital Advisors Ltd. bought a new position in shares of SPX Technologies in the third quarter valued at approximately $6,708,000. Interval Partners LP bought a new position in shares of SPX Technologies in the third quarter valued at approximately $7,452,000. Finally, Goelzer Investment Management Inc. bought a new position in shares of SPX Technologies in the fourth quarter valued at approximately $720,000. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

SPXC stock opened at $223.96 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39. The company has a 50 day moving average price of $213.39 and a 200 day moving average price of $213.65. SPX Technologies, Inc. has a fifty-two week low of $152.79 and a fifty-two week high of $246.68. The stock has a market capitalization of $11.21 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.28.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $557.62 million. During the same quarter in the previous year, the company posted $1.38 EPS. SPX Technologies’s revenue was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Analysts forecast 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. Wall Street Zen cut shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Oppenheimer lifted their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. BMO Capital Markets began coverage on shares of SPX Technologies in a research note on Friday, March 27th. They issued an “outperform” rating and a $243.00 target price for the company. B. Riley Financial reiterated a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.