5,844 SPX Technologies, Inc. $SPXC Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 80.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,406 shares of the company’s stock after selling 5,844 shares during the quarter. Sterling Capital Management LLC’s holdings in SPX Technologies were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Inspire Investing LLC boosted its stake in SPX Technologies by 96.2% in the third quarter. Inspire Investing LLC now owns 5,260 shares of the company’s stock valued at $892,000 after acquiring an additional 2,579 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in SPX Technologies in the third quarter worth $260,000. Assenagon Asset Management S.A. acquired a new position in shares of SPX Technologies during the third quarter worth $18,194,000. Signal Advisors Wealth LLC acquired a new position in shares of SPX Technologies during the third quarter worth $269,000. Finally, Krilogy Financial LLC acquired a new position in shares of SPX Technologies during the third quarter worth $293,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies News Summary

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

• Positive Sentiment: Raised 2026 outlook and data-center opportunity: Management increased its 2026 adjusted EBITDA growth forecast to approximately 25% and outlined roughly $1.1 billion of data-center-related capacity, reinforcing expectations for continued demand in cooling and HVAC infrastructure. SPX outlines data center capacity and raises EBITDA guidance
• Positive Sentiment: Third-quarter results exceeded estimates: SPX Technologies reported $714.5 million in revenue, up 20.5% year over year, and adjusted earnings of $2.21 per share versus the $2.12 consensus estimate. Revenue, operating profit and earnings all improved from the prior-year period. SPX Technologies third-quarter earnings report
• Positive Sentiment: Valuation argument remains supportive: One analysis estimates SPXC could be about 17% undervalued even after the guidance increase. The company’s growth profile is also supported by prior analyst targets substantially above its recent trading level. SPX Technologies stock may be undervalued
• Neutral Sentiment: Mixed institutional positioning: Recent filings show both additions and reductions by major investors, including purchases by Capital World Investors and sales by BlackRock, offering no clear institutional consensus. The company has comparatively moderate leverage, but quarterly capital spending and total liabilities remain important areas to monitor. SPX Technologies third-quarter financial results
• Negative Sentiment: Broader market risk is weighing on sentiment: Technical analysts warned that a break in S&P 500 support could trigger steeper selling. That market-wide caution may be pressuring SPXC even though its operating results and guidance were favorable. Market technical analysis and S&P 500 support warning

SPX Technologies Trading Down 4.5%

NYSE:SPXC opened at $159.65 on Friday. The company has a market capitalization of $8.00 billion, a P/E ratio of 27.06, a PEG ratio of 1.04 and a beta of 1.24. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. SPX Technologies, Inc. has a 12 month low of $148.17 and a 12 month high of $251.08. The firm has a fifty day simple moving average of $178.60 and a 200-day simple moving average of $207.51.

SPX Technologies (NYSE:SPXC) last released its earnings results on Thursday, October 29th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.09. The firm had revenue of $714.50 million for the quarter, compared to the consensus estimate of $710.38 million. SPX Technologies had a return on equity of 17.25% and a net margin of 11.48%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. On average, equities research analysts anticipate that SPX Technologies, Inc. will post 8.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SPXC shares. Truist Financial decreased their price objective on SPX Technologies from $301.00 to $266.00 and set a “buy” rating for the company in a report on Monday, October 5th. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings lowered SPX Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, September 21st. Robert W. Baird began coverage on SPX Technologies in a research note on Monday, October 5th. They issued an “outperform” rating and a $220.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of SPX Technologies from $250.00 to $243.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.82.

About SPX Technologies

SPX Technologies, Inc (NYSE:SPXC) is a diversified industrial technology company that develops and manufactures engineered products and solutions for the heating, ventilation, air conditioning and infrastructure markets. The company serves commercial, industrial and residential customers through specialized technologies designed to support building climate control, utility infrastructure and related applications.

SPX Technologies operates through two primary business segments: HVAC and Detection & Measurement.