Public Employees Retirement System of Ohio Acquires Shares of 14,061 SPX Technologies, Inc. $SPXC

Key Points

• Public Employees Retirement System of Ohio acquired 14,061 shares of SPX Technologies during the second quarter, worth approximately $3.45 million. Institutional investors collectively own 92.82% of the company.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and an average price target of $266.67; recent target increases include B. Riley’s $285 target.
• SPX Technologies beat quarterly expectations with $2.02 in EPS versus $1.85 expected and revenue of $679 million, up 22.9% year over year. The company provided fiscal 2026 EPS guidance of $8.20 to $8.60.

Public Employees Retirement System of Ohio bought a new position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,061 shares of the company's stock, valued at approximately $3,447,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Group One Trading LLC purchased a new stake in SPX Technologies during the 2nd quarter valued at about $32,000. Hazlett Burt & Watson Inc. raised its holdings in SPX Technologies by 56.7% in 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in SPX Technologies in the second quarter worth about $47,000. Hantz Financial Services Inc. lifted its stake in shares of SPX Technologies by 21.4% in 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 in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of SPX Technologies during the first quarter valued at approximately $51,000. 92.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of SPX Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. 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. Wall Street Zen raised SPX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings restated a "buy (b-)" rating on shares of SPX Technologies in a research note on Wednesday, July 8th. Finally, Oppenheimer reaffirmed 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $266.67.

SPX Technologies Trading Up 1.2%

NYSE:SPXC opened at $196.27 on Friday. The company has a market cap of $9.83 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.27 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. The company has a 50 day simple moving average of $213.11 and a two-hundred day simple moving average of $215.77. 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 for the quarter, beating the consensus estimate of $1.85 by $0.17. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The firm had revenue of $679.00 million for the quarter, compared to analysts' expectations of $640.18 million. During the same period in the prior year, the firm earned $1.65 EPS. The company's revenue 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 forecast that SPX Technologies, Inc. will post 8.47 earnings per share for the current 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.

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