Susquehanna Fundamental Investments LLC Boosts Stake in SPX Technologies, Inc. $SPXC

Susquehanna Fundamental Investments LLC increased its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 2,713.9% during the second quarter, Holdings Channel.com reports. The fund owned 51,128 shares of the company’s stock after buying an additional 49,311 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in SPX Technologies were worth $12,535,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in SPX Technologies during the second quarter worth approximately $1,189,365,000. Jupiter Topco LLC purchased a new stake in shares of SPX Technologies in the second quarter valued at approximately $465,593,000. Invesco Ltd. increased its position in shares of SPX Technologies by 62.4% in the third quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock valued at $351,000,000 after buying an additional 722,039 shares in the last quarter. Capital International Investors acquired a new position in shares of SPX Technologies during the 4th quarter worth approximately $307,494,000. Finally, First Trust Advisors LP raised its stake in shares of SPX Technologies by 181.4% during the 1st quarter. First Trust Advisors LP now owns 1,362,871 shares of the company’s stock worth $272,492,000 after buying an additional 878,494 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Performance

NYSE SPXC opened at $198.26 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.82 and a quick ratio of 1.21. The stock’s 50 day simple moving average is $217.60 and its 200-day simple moving average is $217.03. The company has a market cap of $9.93 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27. SPX Technologies, Inc. has a 1-year low of $179.62 and a 1-year high of $251.08.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on SPXC. Truist Financial reissued a “buy” rating and issued a $301.00 price target (up from $295.00) on shares of SPX Technologies in a research note on Monday, August 3rd. 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SPX Technologies in a report on Wednesday, July 8th. Oppenheimer reiterated an “outperform” rating and issued a $280.00 target price (up from $272.00) on shares of SPX Technologies in a research report on Monday, July 20th. Finally, Wall Street Zen raised shares of SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.