SPX Technologies, Inc. $SPXC Position Lowered by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP trimmed its stake in SPX Technologies by 0.8% in Q3, holding 862,485 shares (1.73% of the company) worth about $161.1 million, while institutional investors collectively own 92.82% of the stock.
• An insider, J. Randall Data, sold 12,000 shares on Dec. 11 at an average price of $215.37—reducing their position by 23.99% and generating roughly $2.58 million; insiders now hold 3.32% of the company.
• Wall Street sentiment is bullishly tilted with a consensus rating of “Moderate Buy” and an average target of $250.63, after quarterly results that beat estimates (EPS $1.88 vs. $1.86; revenue $637.3M) and FY2026 guidance of $7.60–$8.00 EPS.

Dimensional Fund Advisors LP trimmed its position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 0.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 862,485 shares of the company's stock after selling 7,314 shares during the period. Dimensional Fund Advisors LP owned 1.73% of SPX Technologies worth $161,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. bought a new position in SPX Technologies during the 3rd quarter worth approximately $28,000. Cullen Frost Bankers Inc. increased its holdings in shares of SPX Technologies by 52.9% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company's stock valued at $29,000 after acquiring an additional 54 shares during the last quarter. Optiver Holding B.V. raised its position in shares of SPX Technologies by 110.5% during the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company's stock valued at $30,000 after acquiring an additional 84 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in SPX Technologies during the second quarter worth $31,000. Finally, Financial Consulate Inc. acquired a new position in SPX Technologies in the third quarter worth $34,000. Institutional investors and hedge funds own 92.82% of the company's stock.

Insider Transactions at SPX Technologies

In related news, insider J Randall Data sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $215.37, for a total value of $2,584,440.00. Following the sale, the insider directly owned 38,020 shares in the company, valued at $8,188,367.40. This trade represents a 23.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SPXC shares. Truist Financial increased their target price on shares of SPX Technologies from $216.00 to $244.00 and gave the stock a "hold" rating in a report on Thursday, February 26th. Bank of America raised shares of SPX Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $240.00 to $280.00 in a report on Friday, February 13th. TD Cowen reissued a "hold" rating on shares of SPX Technologies in a report on Tuesday, January 6th. JPMorgan Chase & Co. assumed coverage on SPX Technologies in a research note on Wednesday, March 4th. They issued an "overweight" rating and a $260.00 target price for the company. Finally, Oppenheimer upped their target price on SPX Technologies from $240.00 to $272.00 and gave the company an "outperform" rating in a report on Wednesday, February 25th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $250.63.

SPX Technologies Trading Up 2.6%

Shares of NYSE:SPXC opened at $209.97 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.22. The company's 50-day moving average price is $219.09 and its 200 day moving average price is $206.25. The company has a market cap of $10.47 billion, a PE ratio of 41.91, a P/E/G ratio of 1.58 and a beta of 1.30. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $246.68.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $637.30 million during the quarter, compared to analysts' expectations of $625.98 million. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. SPX Technologies's quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 EPS. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. Sell-side analysts anticipate that SPX Technologies, Inc. will post 5.57 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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