Amundi Acquires 77,148 Shares of SPX Technologies, Inc. $SPXC

Key Points

• Amundi increased its SPX Technologies stake by 31.2% in the second quarter, acquiring 77,148 shares to own 324,732 shares valued at approximately $79.6 million. Institutional investors collectively hold 92.82% of the company.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $266.67. Recent targets range from $250 to $285, while Oppenheimer raised its target to $280.
• SPX Technologies beat quarterly expectations with adjusted earnings of $2.02 per share versus the $1.85 consensus and revenue of $679 million, up 22.9% year over year. The stock opened at $192.84, down 2.2%, and management maintained fiscal 2026 EPS guidance of $8.20–$8.60.

Amundi grew its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 31.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 324,732 shares of the company's stock after acquiring an additional 77,148 shares during the quarter. Amundi owned about 0.65% of SPX Technologies worth $79,645,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of SPX Technologies by 23,765.8% in the 2nd quarter. California State Teachers Retirement System now owns 13,899,178 shares of the company's stock worth $3,407,661,000 after purchasing an additional 13,840,939 shares in the last quarter. BlackRock Inc. purchased a new position in shares of SPX Technologies during the 2nd quarter valued at about $1,189,365,000. Jupiter Topco LLC purchased a new position in shares of SPX Technologies during the 2nd quarter valued at about $465,593,000. Capital International Investors bought a new position in shares of SPX Technologies during the 4th quarter valued at approximately $307,494,000. Finally, First Trust Advisors LP increased its holdings in SPX Technologies by 181.4% in the 1st 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. 92.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on SPXC shares. Zacks Research upgraded shares of SPX Technologies from a "hold" rating to a "strong-buy" rating in a research 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 note on Monday, August 3rd. Oppenheimer reissued an "outperform" rating and set a $280.00 price target (up from $272.00) on shares of SPX Technologies in a report on Monday, July 20th. Weiss Ratings upgraded SPX Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, September 4th. Finally, B. Riley Financial upped their price objective on SPX Technologies from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. One 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 company's stock. Based on data from MarketBeat, SPX Technologies currently has a consensus rating of "Buy" and a consensus target price of $266.67.

SPX Technologies Stock Down 2.2%

NYSE SPXC opened at $192.84 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.23. SPX Technologies, Inc. has a 52 week low of $179.62 and a 52 week high of $251.08. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.29 and a beta of 1.27. The company has a fifty day moving average of $210.51 and a two-hundred day moving average of $214.63.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. The firm 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 quarter in the prior year, the firm posted $1.65 earnings per share. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, analysts predict that SPX Technologies, Inc. will post 8.47 earnings per share for the current 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.

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