TD Waterhouse Canada Inc. Purchases 3,642 Shares of SPX Technologies, Inc. $SPXC

TD Waterhouse Canada Inc. boosted its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,323 shares of the company’s stock after acquiring an additional 3,642 shares during the period. TD Waterhouse Canada Inc. owned 0.06% of SPX Technologies worth $7,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AXQ Capital LP bought a new position in SPX Technologies in the 2nd quarter valued at $223,000. Nykredit A S bought a new position in shares of SPX Technologies in the second quarter worth $440,000. Grandeur Peak Global Advisors LLC raised its position in shares of SPX Technologies by 27.2% in the second quarter. Grandeur Peak Global Advisors LLC now owns 8,113 shares of the company’s stock worth $1,989,000 after buying an additional 1,736 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of SPX Technologies in the second quarter worth $207,000. Finally, Susquehanna Fundamental Investments LLC boosted its stake in SPX Technologies by 2,713.9% during the second quarter. Susquehanna Fundamental Investments LLC now owns 51,128 shares of the company’s stock valued at $12,535,000 after buying an additional 49,311 shares during the period. Institutional investors own 92.82% of the company’s stock.

Analysts Set New Price Targets

SPXC has been the topic of a number of research analyst reports. B. Riley Financial upped their target price on SPX Technologies from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Weiss Ratings raised SPX Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Wall Street Zen upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Wolfe Research reaffirmed an “outperform” rating and issued a $266.00 target price on shares of SPX Technologies in a research note on Thursday, July 9th. Finally, Truist Financial reiterated a “buy” rating and set a $301.00 target price (up from $295.00) on shares of SPX Technologies in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $266.67.

SPX Technologies Trading Up 1.2%

Shares of SPXC stock opened at $196.27 on Friday. The business has a 50-day moving average price of $213.11 and a two-hundred day moving average price of $215.77. SPX Technologies, Inc. has a 12-month low of $179.62 and a 12-month high of $251.08. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.23. The firm has a market cap of $9.83 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. The firm had revenue of $679.00 million for the quarter, compared to analyst estimates of $640.18 million. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The company’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. 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.