Y Intercept Hong Kong Ltd Takes Position in SPX Technologies, Inc. $SPXC

Y Intercept Hong Kong Ltd purchased a new position in SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 78,353 shares of the company’s stock, valued at approximately $15,675,000. SPX Technologies comprises 0.4% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 29th largest holding.

A number of other large investors have also recently made changes to their positions in SPXC. Capital International Investors bought a new position in shares of SPX Technologies in the fourth quarter worth $307,494,000. Invesco Ltd. boosted its holdings in shares of SPX Technologies by 62.4% in the third quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock worth $351,000,000 after acquiring an additional 722,039 shares during the period. Norges Bank bought a new position in shares of SPX Technologies in the fourth quarter worth $123,721,000. Vanguard Group Inc. boosted its holdings in shares of SPX Technologies by 4.6% in the third quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock worth $989,649,000 after acquiring an additional 232,436 shares during the period. Finally, AustralianSuper Pty Ltd bought a new position in shares of SPX Technologies in the third quarter worth $41,092,000. 92.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial raised their price target on SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Oppenheimer raised their price target on SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. BMO Capital Markets assumed coverage on SPX Technologies in a report on Friday, March 27th. They issued an “outperform” rating and a $243.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, SPX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $249.44.

SPX Technologies Price Performance

NYSE:SPXC opened at $230.21 on Friday. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 45.05, a P/E/G ratio of 1.72 and a beta of 1.28. SPX Technologies, Inc. has a 52-week low of $152.79 and a 52-week high of $246.68. The stock has a fifty day moving average of $214.60 and a 200 day moving average of $213.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $566.80 million during the quarter, compared to analyst estimates of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company earned $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, research analysts expect that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

SPX Technologies Company 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.