4,242 Shares in SPX Technologies, Inc. $SPXC Bought by SEB Asset Management AB

SEB Asset Management AB purchased a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,242 shares of the company’s stock, valued at approximately $848,000.

Several other large investors have also added to or reduced their stakes in SPXC. Swiss National Bank raised its stake in shares of SPX Technologies by 1.1% in the first quarter. Swiss National Bank now owns 98,518 shares of the company’s stock worth $19,698,000 after purchasing an additional 1,100 shares during the last quarter. Jennison Associates LLC boosted its position in SPX Technologies by 36.6% in the first quarter. Jennison Associates LLC now owns 4,906 shares of the company’s stock valued at $981,000 after buying an additional 1,314 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in SPX Technologies by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,920 shares of the company’s stock worth $390,000 after buying an additional 162 shares during the period. Independent Financial Group LLC acquired a new position in SPX Technologies in the 1st quarter worth approximately $230,000. Finally, Marks Group Wealth Management Inc purchased a new position in SPX Technologies during the 1st quarter worth approximately $376,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on SPXC shares. JPMorgan Chase & Co. lifted their price objective on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. BMO Capital Markets started coverage on shares of SPX Technologies in a report on Friday, March 27th. They set an “outperform” rating and a $243.00 target price for the company. Wells Fargo & Company raised their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a research report on Friday, May 1st. Finally, Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $255.30.

SPX Technologies Price Performance

Shares of NYSE SPXC opened at $220.19 on Friday. The firm has a market cap of $11.02 billion, a PE ratio of 43.09, a PEG ratio of 1.61 and a beta of 1.27. The firm has a fifty day moving average of $223.92 and a 200 day moving average of $217.62. 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, Inc. has a one year low of $173.33 and a one year high of $251.08.

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. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The business had revenue of $566.80 million for the quarter, compared to the consensus estimate of $557.62 million. During the same period last year, the firm posted $1.38 earnings per share. The company’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. As a group, research analysts predict that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

About SPX Technologies

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.