De Lisle Partners LLP Takes Position in SPX Technologies, Inc. $SPXC

Key Points

• De Lisle Partners LLP acquired 15,970 shares of SPX Technologies during the second quarter, valued at approximately $3.92 million. Institutional investors and hedge funds collectively own 92.82% of the company.
• SPX Technologies exceeded quarterly expectations, reporting $2.02 in earnings per share versus the $1.85 consensus estimate and revenue of $679 million. Revenue increased 22.9% year over year, and management issued fiscal 2026 EPS guidance of $8.20–$8.60.
• Analyst sentiment remains positive, with an average rating of “Buy” and an average price target of $266.67, compared with the stock’s reported opening price of $206.52.

De Lisle Partners LLP purchased a new position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,970 shares of the company's stock, valued at approximately $3,917,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ares Financial Consulting LLC acquired a new stake in shares of SPX Technologies in the fourth quarter valued at approximately $37,000. Hazlett Burt & Watson Inc. lifted its position in SPX Technologies by 56.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company's stock worth $47,000 after buying an additional 85 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in SPX Technologies during the second quarter worth $47,000. Hantz Financial Services Inc. boosted its stake in 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. Finally, Summit Securities Group LLC purchased a new stake in SPX Technologies in the 1st quarter valued at $51,000. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Price Performance

SPXC stock opened at $206.52 on Friday. SPX Technologies, Inc. has a 52-week low of $179.62 and a 52-week 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 stock has a market cap of $10.34 billion, a price-to-earnings ratio of 37.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The business has a fifty day moving average of $221.25 and a two-hundred day moving average of $217.57.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. The business 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 quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company 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 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPXC has been the topic of several analyst reports. Wolfe Research reiterated an "outperform" rating and set a $266.00 price target on shares of SPX Technologies in a report on Thursday, July 9th. Oppenheimer reissued an "outperform" rating and issued a $280.00 price objective (up from $272.00) on shares of SPX Technologies in a report on Monday, July 20th. Weiss Ratings restated a "buy (b-)" rating on shares of SPX Technologies in a research report on Wednesday, July 8th. B. Riley Financial lifted their target price on shares of SPX Technologies from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Truist Financial reiterated a "buy" rating and issued a $301.00 target price (up from $295.00) on shares of SPX Technologies in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock 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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