9,106 Shares in SPX Technologies, Inc. $SPXC Purchased by Hsbc Holdings PLC

Key Points

• HSBC Holdings acquired 9,106 shares of SPX Technologies in the second quarter, valued at approximately $2.22 million. Institutional investors and hedge funds collectively own 92.82% of SPXC.
• SPX Technologies exceeded quarterly expectations, reporting EPS of $2.02 versus the $1.85 consensus and revenue of $679 million, up 22.9% year over year. The company provided fiscal 2026 EPS guidance of $8.20–$8.60.
• Analysts remain bullish, with an average “Buy” rating and an average price target of $266.67, compared with the stock’s reported opening price of $198.26.

Hsbc Holdings PLC acquired a new position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,106 shares of the company's stock, valued at approximately $2,222,000.

A number of other large investors also recently added to or reduced their stakes in SPXC. Hantz Financial Services Inc. raised its stake in shares of SPX Technologies by 21.4% during the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company's stock worth $51,000 after buying an additional 45 shares during the last quarter. Lido Advisors LLC boosted its stake in SPX Technologies by 1.6% in the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company's stock valued at $586,000 after acquiring an additional 50 shares during the last quarter. Intrust Bank NA grew its holdings in SPX Technologies by 3.6% during the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company's stock worth $332,000 after acquiring an additional 58 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of SPX Technologies by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company's stock valued at $286,000 after acquiring an additional 60 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of SPX Technologies by 7.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company's stock valued at $188,000 after purchasing an additional 62 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Trading Down 0.2%

SPXC opened at $198.26 on Monday. The firm's fifty day simple moving average is $217.60 and its 200 day simple moving average is $217.03. The stock has a market capitalization of $9.93 billion, a P/E ratio of 35.66, a P/E/G ratio of 1.30 and a beta of 1.27. 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 $179.62 and a 12 month high of $251.08.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.02 earnings per share (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 the consensus estimate 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 for the quarter was up 22.9% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, research analysts anticipate that SPX Technologies, Inc. will post 8.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded SPX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. B. Riley Financial increased their target price on SPX Technologies from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on SPX Technologies from $260.00 to $270.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. Truist Financial reaffirmed a "buy" rating and issued a $301.00 price target (up from $295.00) on shares of SPX Technologies in a research note on Monday, August 3rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, SPX Technologies has an average rating of "Buy" and an average target price of $266.67.

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.

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