Amundi Buys 103,933 Shares of SPX Technologies, Inc. $SPXC

Key Points

• Amundi increased its SPX Technologies stake by 72.4% in the first quarter, purchasing 103,933 additional shares to own 247,584 shares valued at approximately $49.6 million. Institutional investors collectively own 92.82% of the company.
• SPX Technologies reported second-quarter adjusted EPS of $2.02 and revenue of $679 million, both ahead of analyst expectations, with revenue up 22.9% year over year.
• Management raised its 2026 outlook to adjusted EPS of $8.20–$8.60 and revenue of $2.7–$2.8 billion, supported by strong data-center demand. Analysts maintain a “Moderate Buy” consensus with a $264.89 average price target.

Amundi increased its stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 72.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 247,584 shares of the company's stock after purchasing an additional 103,933 shares during the quarter. Amundi owned 0.49% of SPX Technologies worth $49,589,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in SPX Technologies by 46.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company's stock worth $14,854,000 after purchasing an additional 23,439 shares during the last quarter. State of Michigan Retirement System bought a new position in SPX Technologies in the fourth quarter worth approximately $2,361,000. Inceptionr LLC raised its position in SPX Technologies by 101.6% in the fourth quarter. Inceptionr LLC now owns 5,691 shares of the company's stock worth $1,139,000 after acquiring an additional 2,868 shares during the period. Principal Financial Group Inc. boosted its stake in shares of SPX Technologies by 4.1% during the 1st quarter. Principal Financial Group Inc. now owns 445,434 shares of the company's stock worth $89,060,000 after acquiring an additional 17,524 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of SPX Technologies by 226.2% during the 4th quarter. State of Wyoming now owns 3,340 shares of the company's stock worth $668,000 after acquiring an additional 2,316 shares during the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SPXC shares. Truist Financial upped their price objective on SPX Technologies from $261.00 to $295.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Wolfe Research reiterated an "outperform" rating and set a $266.00 target price on shares of SPX Technologies in a research report on Thursday, July 9th. Wells Fargo & Company boosted their price target on SPX Technologies from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, SPX Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $264.89.

SPX Technologies News Roundup

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

• Positive Sentiment: SPX reported second-quarter adjusted earnings of $2.02 per share, above the $1.85 analyst consensus and up from $1.65 a year earlier. Revenue rose 22.9% year over year to $679 million, exceeding estimates of $640.18 million. SPX Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook to adjusted EPS of $8.20-$8.60, with an $8.40 midpoint above the prior consensus estimate of $8.02. Revenue guidance of $2.7 billion-$2.8 billion also exceeds the approximately $2.6 billion analyst expectation. SPX Technologies Raises 2026 Outlook
• Positive Sentiment: The earnings call highlighted surging data-center demand, expanded capacity and a potential data-center opportunity of roughly $1.1 billion. The company also emphasized continued mergers-and-acquisitions activity, supporting expectations for additional growth. SPXC Q2 Earnings Call Highlights
• Neutral Sentiment: Analysts maintain an overall “Moderate Buy” recommendation, although the stock’s elevated valuation—approximately 43 times earnings—could make it more sensitive to execution or guidance disappointments. SPX Technologies Analyst Recommendation

SPX Technologies Stock Up 0.0%

Shares of SPXC opened at $219.66 on Monday. The business's 50 day moving average is $224.63 and its 200 day moving average is $217.67. The company has a market capitalization of $11.00 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 1.55 and a beta of 1.27. SPX Technologies, Inc. has a 12-month low of $179.17 and a 12-month high of $251.08. 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 (NYSE:SPXC - Get Free Report) last released its quarterly earnings data 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. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. The firm had revenue of $679.00 million for the quarter, compared to analysts' expectations of $640.18 million. During the same quarter last year, the business posted $1.65 earnings per share. The company's revenue for the quarter was up 22.9% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Research analysts expect that SPX Technologies, Inc. will post 8.34 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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