Deutsche Bank AG Purchases Shares of 38,703 SPX Technologies, Inc. $SPXC

Key Points

• Deutsche Bank initiated a position in SPX Technologies by purchasing 38,703 shares valued at approximately $9.5 million. Institutional investors and hedge funds collectively own 92.82% of the company.
• SPX Technologies reported quarterly EPS of $2.02, exceeding estimates of $1.85, while revenue rose 22.9% year over year to $679 million. The company provided fiscal 2026 EPS guidance of $8.20–$8.60.
• Analysts remain broadly bullish, with the stock carrying an average “Buy” rating and an average price target of $266.67, despite shares recently trading down 0.3% at $206.52.

Deutsche Bank AG purchased a new position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 38,703 shares of the company's stock, valued at approximately $9,489,000. Deutsche Bank AG owned approximately 0.08% of SPX Technologies at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of SPX Technologies in the 2nd quarter valued at about $47,000. OneDigital Investment Advisors LLC bought a new stake in SPX Technologies during the second quarter worth about $563,000. Global Retirement Partners LLC bought a new stake in SPX Technologies during the second quarter worth about $289,000. Bank of New York Mellon Corp acquired a new position in SPX Technologies during the second quarter valued at approximately $70,314,000. Finally, State of Wyoming acquired a new position in SPX Technologies during the second quarter valued at approximately $181,000. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Trading Down 0.3%

SPX Technologies stock opened at $206.52 on Monday. SPX Technologies, Inc. has a 52 week low of $179.62 and a 52 week high of $251.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.82. The stock has a market capitalization of $10.34 billion, a P/E ratio of 37.14, a PEG ratio of 1.35 and a beta of 1.27. The stock has a 50-day simple moving average of $221.25 and a 200 day simple moving average of $217.60.

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. 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 business's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.65 earnings per share. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. Analysts expect that SPX Technologies, Inc. will post 8.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SPXC shares. JPMorgan Chase & Co. raised their price target on SPX Technologies from $260.00 to $270.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of SPX Technologies in a research note on Wednesday, July 8th. Zacks Research raised SPX Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Wolfe Research reissued an "outperform" rating and issued a $266.00 target price on shares of SPX Technologies in a research note on Thursday, July 9th. Finally, Oppenheimer restated an "outperform" rating and set a $280.00 target price (up from $272.00) on shares of SPX Technologies in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $266.67.

SPX Technologies 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.