Waratah Capital Advisors Ltd. Invests $6.71 Million in SPX Technologies, Inc. $SPXC

Waratah Capital Advisors Ltd. purchased a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 35,914 shares of the company’s stock, valued at approximately $6,708,000. Waratah Capital Advisors Ltd. owned about 0.07% of SPX Technologies at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in SPX Technologies in the 2nd quarter worth approximately $97,223,000. Vanguard Group Inc. lifted its position in SPX Technologies by 4.6% during the third quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company’s stock worth $989,649,000 after buying an additional 232,436 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in SPX Technologies during the third quarter worth $41,092,000. Invesco Ltd. boosted its stake in SPX Technologies by 22.3% during the second quarter. Invesco Ltd. now owns 1,157,177 shares of the company’s stock worth $194,035,000 after buying an additional 210,682 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in SPX Technologies in the 2nd quarter valued at $19,817,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America raised shares of SPX Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $240.00 to $280.00 in a research report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of SPX Technologies in a research note on Monday, December 29th. B. Riley Financial reaffirmed a “buy” rating and set a $244.00 price target (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. TD Cowen reiterated a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th. Finally, Truist Financial raised their target price on SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $225.29.

SPX Technologies Trading Up 2.5%

SPXC opened at $243.16 on Wednesday. The business has a fifty day simple moving average of $216.86 and a 200-day simple moving average of $204.33. SPX Technologies, Inc. has a 52 week low of $115.00 and a 52 week high of $246.68. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.23. The firm has a market cap of $12.12 billion, a P/E ratio of 52.07, a P/E/G ratio of 1.63 and a beta of 1.32.

SPX Technologies (NYSE:SPXC) last announced its earnings results on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $637.30 million during the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a return on equity of 18.68% and a net margin of 10.33%.SPX Technologies’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the business posted $1.51 EPS. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, equities analysts expect that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.

Insider Buying and Selling at SPX Technologies

In related news, insider J Randall Data sold 12,000 shares of SPX Technologies stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $215.37, for a total value of $2,584,440.00. Following the completion of the transaction, the insider owned 38,020 shares in the company, valued at approximately $8,188,367.40. The trade was a 23.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.32% of the company’s stock.

Key Headlines Impacting SPX Technologies

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

• Positive Sentiment: Q4 results beat expectations — EPS of $1.88 vs. $1.86 consensus and revenue of $637.3M (up ~19% Y/Y), showing strong top‑line momentum. SPX Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Company issued FY‑2026 guidance of $7.60–$8.00 EPS and revenue of $2.5B–$2.6B, which puts guidance roughly in line with or slightly above consensus and supports the stronger forward outlook. SPX Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Profitability metrics remain healthy (net margin ~10.3%, ROE ~18.7%), underscoring operational leverage behind the revenue gains. SPX Technologies (SPXC) Beats Q4 Earnings and Revenue Estimates
• Neutral Sentiment: Management released the slide deck and earnings call transcript — useful for detail on segment performance and order trends; no major strategic surprises reported on the call. SPX Technologies, Inc. (SPXC) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Valuation is rich (P/E ~52) and the stock is trading near its 52‑week high, which could limit further upside unless guidance is meaningfully outpaced. SPX Technologies stock
• Negative Sentiment: FY guidance is a range rather than a clear raise; investors may want confirmation of sustained margin expansion or continued order strength in coming quarters. SPX Reports Fourth Quarter and Full-Year 2025 Results

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.