Sei Investments Co. Buys 14,286 Shares of SPX Technologies, Inc. $SPXC

Sei Investments Co. boosted its stake in SPX Technologies, Inc. (NYSE:SPXC) by 14.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,168 shares of the company’s stock after purchasing an additional 14,286 shares during the quarter. Sei Investments Co.’s holdings in SPX Technologies were worth $23,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Invesco Ltd. increased its holdings in shares of SPX Technologies by 62.4% in the 3rd quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock worth $351,000,000 after buying an additional 722,039 shares during the last quarter. Capital International Investors bought a new stake in shares of SPX Technologies during the 4th quarter worth $307,494,000. First Trust Advisors LP grew its position in SPX Technologies by 181.4% in the first quarter. First Trust Advisors LP now owns 1,362,871 shares of the company’s stock worth $272,492,000 after acquiring an additional 878,494 shares in the last quarter. Geode Capital Management LLC grew its position in SPX Technologies by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 1,213,809 shares of the company’s stock worth $242,874,000 after acquiring an additional 63,889 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in SPX Technologies by 7.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,176,481 shares of the company’s stock valued at $235,368,000 after acquiring an additional 84,117 shares during the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SPXC shares. Wells Fargo & Company raised their price target on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of SPX Technologies in a report on Wednesday, July 8th. JPMorgan Chase & Co. upped their target price on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, B. Riley Financial reiterated a “buy” rating on shares of SPX Technologies in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $255.30.

SPX Technologies Trading Down 6.5%

NYSE SPXC opened at $204.90 on Wednesday. The firm has a market cap of $10.26 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. SPX Technologies, Inc. has a 1-year low of $177.63 and a 1-year high of $251.08. The stock has a 50-day moving average of $224.85 and a 200-day moving average of $217.77. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The business had revenue of $566.80 million for the quarter, compared to analyst estimates of $557.62 million. During the same period last year, the company earned $1.38 EPS. SPX Technologies’s revenue for the quarter 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, sell-side analysts forecast that SPX Technologies, Inc. will post 7.98 EPS for the current year.

SPX Technologies 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.