Freemont Management S.A. Takes Position in SPX Technologies, Inc. $SPXC

Freemont Management S.A. bought a new stake in SPX Technologies, Inc. (NYSE:SPXC) during the fourth quarter, HoldingsChannel reports. The firm bought 8,000 shares of the company’s stock, valued at approximately $1,600,000.

Other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new stake in shares of SPX Technologies in the 3rd quarter valued at about $28,000. Cullen Frost Bankers Inc. raised its stake in shares of SPX Technologies by 52.9% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of SPX Technologies by 110.5% in the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after purchasing an additional 84 shares in the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of SPX Technologies in the 4th quarter valued at about $37,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of SPX Technologies in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Price Performance

Shares of NYSE:SPXC opened at $203.70 on Thursday. 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, Inc. has a fifty-two week low of $147.39 and a fifty-two week high of $246.68. The firm has a 50-day simple moving average of $208.48 and a 200 day simple moving average of $212.84. The company has a market cap of $10.22 billion, a PE ratio of 39.86, a P/E/G ratio of 1.46 and a beta of 1.31.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The business had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. During the same quarter in the prior year, the firm earned $1.38 EPS. The company’s revenue for the quarter 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. On average, sell-side analysts anticipate that SPX Technologies, Inc. will post 7.97 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped 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. JPMorgan Chase & Co. upped their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $240.00 to $280.00 in a research note on Friday, February 13th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $249.44.

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.