Vanguard Group Inc. Sells 247,799 Shares of SPX Technologies, Inc. $SPXC

Vanguard Group Inc. lowered its position in SPX Technologies, Inc. (NYSE:SPXC) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,050,673 shares of the company’s stock after selling 247,799 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of SPX Technologies worth $1,010,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Concurrent Investment Advisors LLC bought a new stake in SPX Technologies in the fourth quarter valued at approximately $289,000. Peregrine Capital Management LLC lifted its position in SPX Technologies by 0.3% in the fourth quarter. Peregrine Capital Management LLC now owns 95,681 shares of the company’s stock valued at $19,142,000 after purchasing an additional 255 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in SPX Technologies by 46.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock valued at $14,854,000 after purchasing an additional 23,439 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in SPX Technologies by 1.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 26,506 shares of the company’s stock valued at $5,302,000 after purchasing an additional 330 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in SPX Technologies by 7.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,950 shares of the company’s stock valued at $2,991,000 after purchasing an additional 1,048 shares during the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPXC. Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $280.00 in a research report on Friday, February 13th. B. Riley Financial reissued a “buy” rating on shares of SPX Technologies in a research note on Friday. Wells Fargo & Company boosted their target price on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial boosted their target price on SPX Technologies from $244.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $247.22.

SPX Technologies Stock Down 5.1%

SPX Technologies stock opened at $207.71 on Friday. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 1.68 and a beta of 1.31. The stock has a fifty day simple moving average of $212.45 and a two-hundred day simple moving average of $211.55. SPX Technologies, Inc. has a 12 month low of $142.11 and a 12 month high of $246.68. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 0.22.

SPX Technologies (NYSE:SPXC) last posted its earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a return on equity of 17.65% and a net margin of 10.76%.The business had revenue of $566.80 million during the quarter, compared to analyst estimates of $557.62 million. During the same quarter last year, the company earned $1.38 EPS. The company’s quarterly revenue 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. Equities analysts predict that SPX Technologies, Inc. will post 7.79 EPS for the current fiscal year.

Key SPX Technologies News

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Q1 results beat expectations: SPX reported $1.69 EPS vs. $1.55 consensus and revenue of $566.8M (up 17.4% y/y), showing solid margin and top‑line growth. This underpins the bullish analyst activity. SPX Reports First Quarter 2026 Results
• Positive Sentiment: Wells Fargo raised its price target to $240 and moved SPXC to an “Overweight” rating, signaling institutional confidence that there’s meaningful upside from current levels. Benzinga
• Positive Sentiment: Truist also hiked its price target (to $251), adding to the positive analyst momentum following the quarter. Truist Raises Price Target
• Neutral Sentiment: Management hosted an earnings call and published transcripts/recaps; the call highlights growth drivers and updated expectations — useful for investors wanting more color but not introducing new headline surprises. Earnings Call Highlights
• Negative Sentiment: FY‑2026 guidance was set to an EPS range of 7.75–8.15, which sits around or slightly below some street estimates (consensus ~7.87); that tempered the reaction for some investors and may explain profit‑taking after the beat. Earnings / Guidance Details

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.