9,362 Shares in SPX Technologies, Inc. $SPXC Purchased by Elser Financial Planning Inc

Elser Financial Planning Inc purchased a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 3rd quarter, Holdings Channel reports. The fund purchased 9,362 shares of the company’s stock, valued at approximately $1,749,000. SPX Technologies accounts for about 2.1% of Elser Financial Planning Inc’s holdings, making the stock its 13th biggest position.

Several other institutional investors have also recently made changes to their positions in SPXC. Oregon Public Employees Retirement Fund boosted its holdings in shares of SPX Technologies by 3.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,137 shares of the company’s stock valued at $2,080,000 after buying an additional 400 shares during the last quarter. Nisa Investment Advisors LLC raised its position in SPX Technologies by 4.6% during the third quarter. Nisa Investment Advisors LLC now owns 4,399 shares of the company’s stock worth $822,000 after acquiring an additional 192 shares in the last quarter. SG Americas Securities LLC raised its position in SPX Technologies by 124.8% during the third quarter. SG Americas Securities LLC now owns 6,489 shares of the company’s stock worth $1,212,000 after acquiring an additional 3,602 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in SPX Technologies in the third quarter valued at $1,150,000. Finally, Cerity Partners LLC grew its position in shares of SPX Technologies by 2.5% in the 3rd quarter. Cerity Partners LLC now owns 60,935 shares of the company’s stock valued at $11,381,000 after acquiring an additional 1,490 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Down 0.0%

SPX Technologies stock opened at $207.35 on Friday. The stock has a market cap of $10.33 billion, a P/E ratio of 44.40, a P/E/G ratio of 1.74 and a beta of 1.33. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.23. SPX Technologies, Inc. has a twelve month low of $115.00 and a twelve month high of $233.71. The company’s 50-day moving average price is $210.95 and its two-hundred day moving average price is $194.31.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.24. SPX Technologies had a return on equity of 18.68% and a net margin of 10.33%.The company had revenue of $592.80 million during the quarter, compared to analysts’ expectations of $574.32 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The business’s revenue was up 22.6% on a year-over-year basis. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS. As a group, analysts expect that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Insider Buying and Selling at SPX Technologies

In other news, insider John William Swann III sold 38,755 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $206.07, for a total value of $7,986,242.85. Following the completion of the sale, the insider owned 64,266 shares of the company’s stock, valued at approximately $13,243,294.62. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider J Randall Data sold 12,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $215.37, for a total transaction of $2,584,440.00. Following the completion of the transaction, the insider owned 38,020 shares in the company, valued at $8,188,367.40. This trade represents a 23.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

SPXC has been the topic of a number of research analyst reports. Bank of America started coverage on shares of SPX Technologies in a report on Wednesday, October 8th. They issued a “neutral” rating and a $202.00 target price on the stock. B. Riley reissued a “buy” rating and set a $244.00 price target (up previously from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. TD Cowen initiated coverage on SPX Technologies in a research note on Monday, November 10th. They issued a “hold” rating and a $225.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a research report on Monday, December 29th. Finally, Truist Financial lifted their target price on SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $214.14.

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.