EFG International AG Acquires Shares of 25,299 SPX Technologies, Inc. $SPXC

EFG International AG bought a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,299 shares of the company’s stock, valued at approximately $6,205,000. EFG International AG owned approximately 0.05% of SPX Technologies at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its position in SPX Technologies by 21.4% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after acquiring an additional 45 shares during the period. Lido Advisors LLC grew its holdings in SPX Technologies by 1.6% in the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after purchasing an additional 50 shares during the period. Intrust Bank NA increased its stake in shares of SPX Technologies by 3.6% during the fourth quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock valued at $332,000 after purchasing an additional 58 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of SPX Technologies by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock valued at $286,000 after purchasing an additional 60 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of SPX Technologies by 7.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock valued at $188,000 after purchasing an additional 62 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors.

SPX Technologies Trading Up 0.3%

Shares of NYSE SPXC opened at $201.55 on Wednesday. The firm’s 50 day moving average price is $219.88 and its 200-day moving average price is $217.42. SPX Technologies, Inc. has a 52-week low of $179.62 and a 52-week high of $251.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.82. The company has a market cap of $10.10 billion, a PE ratio of 36.25, a P/E/G ratio of 1.31 and a beta of 1.27.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.17. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. The company had revenue of $679.00 million during the quarter, compared to the consensus estimate of $640.18 million. During the same quarter last year, the firm earned $1.65 earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, equities research analysts expect that SPX Technologies, Inc. will post 8.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPXC has been the topic of a number of analyst reports. Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price target on shares of SPX Technologies in a research report on Monday, August 3rd. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of SPX Technologies in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased 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. Finally, Oppenheimer reissued an “outperform” rating and issued a $280.00 target price (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $266.67.

About SPX Technologies

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.