Rep. Josh Gottheimer Sells Off Shares of SPX Technologies, Inc. (NYSE:SPXC)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of SPX Technologies, Inc. (NYSE:SPXC). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in SPX Technologies stock on April 9th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 4/23/2025.
• Purchased $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 4/21/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/21/2025.
• Sold $1,001 – $15,000 in shares of Hillman Solutions (NASDAQ:HLMN) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/17/2025.

SPX Technologies Stock Up 0.2%

SPXC opened at $154.23 on Friday. The firm has a market cap of $7.20 billion, a P/E ratio of 41.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The business has a 50 day moving average price of $135.45 and a 200 day moving average price of $147.02. SPX Technologies, Inc. has a twelve month low of $115.00 and a twelve month high of $183.83.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.22. The company had revenue of $482.60 million for the quarter, compared to analyst estimates of $481.32 million. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. Research analysts forecast that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SPXC shares. Sidoti raised shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 26th. Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price for the company in a research note on Wednesday, February 26th. Finally, B. Riley started coverage on SPX Technologies in a research report on Thursday. They issued a “buy” rating and a $195.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, SPX Technologies has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of SPX Technologies by 299.0% in the third quarter. Barclays PLC now owns 84,567 shares of the company’s stock valued at $13,485,000 after buying an additional 63,373 shares during the period. KBC Group NV lifted its position in shares of SPX Technologies by 2,109.8% in the 4th quarter. KBC Group NV now owns 28,617 shares of the company’s stock worth $4,164,000 after acquiring an additional 27,322 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of SPX Technologies in the 4th quarter worth approximately $331,000. Comerica Bank grew its holdings in shares of SPX Technologies by 25.4% during the 4th quarter. Comerica Bank now owns 86,267 shares of the company’s stock worth $12,554,000 after purchasing an additional 17,472 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of SPX Technologies by 0.9% during the fourth quarter. Arizona State Retirement System now owns 13,436 shares of the company’s stock valued at $1,955,000 after purchasing an additional 123 shares during the period. Institutional investors own 92.82% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About SPX Technologies

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.