SPX Technologies, Inc. $SPXC Shares Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its SPX Technologies stake by 181.2% in the second quarter, ending with 9,106 shares valued at approximately $2.22 million. Institutional investors and hedge funds collectively own 92.82% of SPXC’s shares.
• SPX Technologies exceeded quarterly expectations, reporting $2.02 in earnings per share versus the $1.85 consensus estimate, while revenue rose 22.9% year over year to $679 million. Management issued fiscal 2026 EPS guidance of $8.20–$8.60.
• Analysts remain positive on SPXC, with a consensus “Buy” rating and an average price target of $266.67, compared with the reported share price of $191.58.

Hsbc Holdings PLC boosted its position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 181.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,106 shares of the company's stock after acquiring an additional 5,868 shares during the period. Hsbc Holdings PLC's holdings in SPX Technologies were worth $2,222,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SPXC. BlackRock Inc. acquired a new position in SPX Technologies in the second quarter valued at $1,189,365,000. Jupiter Topco LLC purchased a new stake in SPX Technologies in the second quarter valued at approximately $465,593,000. Capital International Investors purchased a new stake in SPX Technologies in the fourth quarter valued at approximately $307,494,000. First Trust Advisors LP increased its position in SPX Technologies by 181.4% during the first quarter. First Trust Advisors LP now owns 1,362,871 shares of the company's stock worth $272,492,000 after purchasing an additional 878,494 shares during the last quarter. Finally, Invesco Ltd. raised its stake in SPX Technologies by 62.4% during the third quarter. Invesco Ltd. now owns 1,879,216 shares of the company's stock worth $351,000,000 after purchasing an additional 722,039 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Price Performance

Shares of NYSE SPXC opened at $191.58 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.82 and a quick ratio of 1.21. SPX Technologies, Inc. has a 1-year low of $179.62 and a 1-year high of $251.08. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.22 and a beta of 1.27. The business has a 50-day moving average of $208.98 and a 200-day moving average of $214.09.

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, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $640.18 million. During the same quarter in the prior year, the business earned $1.65 EPS. SPX Technologies's quarterly 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. On average, equities analysts anticipate that SPX Technologies, Inc. will post 8.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPXC has been the subject of several research reports. Wolfe Research reissued an "outperform" rating and set a $266.00 price objective on shares of SPX Technologies in a research note on Thursday, July 9th. 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. Zacks Research raised SPX Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Oppenheimer restated an "outperform" rating and set a $280.00 price target (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. Finally, Wall Street Zen upgraded SPX Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $266.67.

SPX Technologies Profile

SPX Technologies, Inc is a Charlotte, North Carolina-based industrial technology company that provides equipment and services used in heating, ventilation, air conditioning, cooling, and infrastructure applications. The company serves customers in commercial, industrial, utility, and residential markets through operations in North America and internationally.

SPX Technologies operates through two principal segments: HVAC and Detection & Measurement. Its HVAC businesses develop and manufacture cooling towers, evaporative cooling systems, air-conditioning and heating equipment, boilers, and related products.

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