Trillium Asset Management LLC Invests $5.37 Million in SPX Technologies, Inc. $SPXC

Key Points

• Trillium Asset Management acquired 21,901 shares of SPX Technologies in the second quarter, valued at approximately $5.37 million. Institutional investors and hedge funds collectively own 92.82% of the company.
• SPX Technologies exceeded quarterly expectations, reporting $2.02 in EPS versus the $1.85 consensus and revenue of $679 million, up 22.9% year over year. The company guided to fiscal 2026 EPS of $8.20–$8.60.
• Analysts remain positive, with an overall “Buy” rating and a consensus price target of $266.67, compared with the stock’s recent price of $204.81.

Trillium Asset Management LLC purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,901 shares of the company's stock, valued at approximately $5,370,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Creek Advisors LLC bought a new position in SPX Technologies during the second quarter valued at approximately $226,000. BlackRock Inc. bought a new stake in SPX Technologies in the second quarter worth approximately $1,189,365,000. Pallas Capital Advisors LLC bought a new stake in SPX Technologies in the second quarter worth approximately $266,000. Deutsche Bank AG bought a new stake in SPX Technologies in the second quarter worth approximately $9,489,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of SPX Technologies during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 92.82% of the company's stock.

SPX Technologies Price Performance

Shares of SPX Technologies stock opened at $204.81 on Friday. 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 firm has a fifty day simple moving average of $221.73 and a 200-day simple moving average of $217.64. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 1.36 and a beta of 1.27. SPX Technologies, Inc. has a 1-year low of $179.62 and a 1-year high of $251.08.

SPX Technologies (NYSE:SPXC - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 11.27% and a return on equity of 16.53%. SPX Technologies's revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business posted $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, sell-side analysts expect that SPX Technologies, Inc. will post 8.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SPXC shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of SPX Technologies in a research note on Wednesday, July 8th. Wolfe Research reissued an "outperform" rating and set a $266.00 target price on shares of SPX Technologies in a research report on Thursday, July 9th. Wells Fargo & Company restated an "overweight" rating and set a $250.00 target price on shares of SPX Technologies in a report on Monday, August 3rd. 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. Finally, B. Riley Financial boosted their price target on SPX Technologies from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One 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's stock. According to MarketBeat.com, SPX Technologies has an average rating of "Buy" and a consensus price target 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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