11,150 Shares in SPX Technologies, Inc. $SPXC Bought by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC acquired a new position in SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,150 shares of the company’s stock, valued at approximately $2,231,000.

Other hedge funds have also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. bought a new position in shares of SPX Technologies in the 3rd quarter worth about $28,000. Cullen Frost Bankers Inc. raised its position 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 worth $29,000 after acquiring an additional 54 shares in the last quarter. Optiver Holding B.V. raised its position 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 worth $30,000 after acquiring an additional 84 shares in the last quarter. Ares Financial Consulting LLC bought a new position in shares of SPX Technologies in the 4th quarter worth about $37,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of SPX Technologies in the 4th quarter worth about $40,000. 92.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPXC has been the subject of several research analyst reports. Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. lifted their price objective on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Truist Financial lifted their price objective on SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. BMO Capital Markets initiated coverage on SPX Technologies in a research report on Friday, March 27th. They issued an “outperform” rating and a $243.00 price objective for the company. Finally, B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $249.44.

SPX Technologies Stock Performance

Shares of SPX Technologies stock opened at $201.35 on Friday. SPX Technologies, Inc. has a one year low of $147.39 and a one year high of $246.68. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 1.48 and a beta of 1.31. The business has a 50-day simple moving average of $207.74 and a 200 day simple moving average of $212.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a return on equity of 16.98% 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 period in the previous year, the company posted $1.38 EPS. The firm’s 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. On average, research analysts anticipate that SPX Technologies, Inc. will post 7.97 earnings per share for the current fiscal year.

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.