State of Michigan Retirement System Buys Shares of 11,800 SPX Technologies, Inc. $SPXC

State of Michigan Retirement System bought a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,800 shares of the company’s stock, valued at approximately $2,361,000.

A number of other hedge funds have also added to or reduced their stakes in SPXC. Principal Financial Group Inc. increased its position in shares of SPX Technologies by 11.2% during the third quarter. Principal Financial Group Inc. now owns 550,863 shares of the company’s stock worth $102,890,000 after purchasing an additional 55,482 shares in the last quarter. Emerald Advisers LLC increased its position in shares of SPX Technologies by 13.6% during the third quarter. Emerald Advisers LLC now owns 153,507 shares of the company’s stock worth $28,672,000 after purchasing an additional 18,403 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of SPX Technologies during the third quarter worth approximately $4,626,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of SPX Technologies by 93.5% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 50,785 shares of the company’s stock worth $9,486,000 after purchasing an additional 24,537 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in SPX Technologies by 12.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 93,074 shares of the company’s stock valued at $17,384,000 after buying an additional 10,324 shares in the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

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

Analysts Set New Price Targets

SPXC has been the subject of several analyst reports. Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $240.00 to $280.00 in a report on Friday, February 13th. Oppenheimer upped their target price on SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. initiated coverage on SPX Technologies in a report on Wednesday, March 4th. They issued an “overweight” rating and a $260.00 target price for the company. Wells Fargo & Company upped their target price on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Friday. Finally, Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $247.22.

SPX Technologies Price Performance

SPXC opened at $207.71 on Friday. The stock’s 50-day moving average price is $212.45 and its 200 day moving average price is $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. 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.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The company had revenue of $566.80 million for the quarter, compared to analyst estimates of $557.62 million. SPX Technologies had a return on equity of 17.65% and a net margin of 10.76%.SPX Technologies’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, sell-side analysts expect that SPX Technologies, Inc. will post 7.79 earnings per share for the current 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.