SPX Technologies, Inc. $SPXC Stock Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 14.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 121,589 shares of the company’s stock after acquiring an additional 15,524 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in SPX Technologies were worth $29,810,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of SPX Technologies during the 1st quarter worth about $1,000,000. Oppenheimer Asset Management Inc. bought a new position in shares of SPX Technologies in the second quarter valued at approximately $4,903,000. Principal Financial Group Inc. increased its stake in shares of SPX Technologies by 4.1% during the first quarter. Principal Financial Group Inc. now owns 445,434 shares of the company’s stock valued at $89,060,000 after acquiring an additional 17,524 shares during the period. Bank of America Corp DE raised its holdings in SPX Technologies by 13.0% during the first quarter. Bank of America Corp DE now owns 316,883 shares of the company’s stock worth $63,358,000 after purchasing an additional 36,340 shares in the last quarter. Finally, Inceptionr LLC raised its holdings in SPX Technologies by 101.6% during the fourth quarter. Inceptionr LLC now owns 5,691 shares of the company’s stock worth $1,139,000 after purchasing an additional 2,868 shares in the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPXC has been the subject of a number of research reports. Oppenheimer reaffirmed an “outperform” rating and set a $280.00 price target (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research raised SPX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 price target on shares of SPX Technologies in a research report on Monday, August 3rd. Finally, Truist Financial reissued a “buy” rating and issued a $301.00 price target (up from $295.00) on shares of SPX Technologies in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $266.67.

SPX Technologies Price Performance

Shares of NYSE:SPXC opened at $194.34 on Friday. SPX Technologies, Inc. has a one year low of $179.62 and a one year high of $251.08. The stock has a fifty day moving average of $213.82 and a 200-day moving average of $215.91. The company has a market capitalization of $9.73 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 1.26 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.82.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, July 30th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. The business had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $640.18 million. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, equities analysts anticipate that SPX Technologies, Inc. will post 8.47 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.