Van Berkom & Associates Inc. Reduces Stock Position in SPX Technologies, Inc. $SPXC

Key Points

• Stake cut: Van Berkom & Associates trimmed its SPX Technologies holding by 8.5% in Q4, selling 30,208 shares and ending with 326,845 shares (about 0.66% of the company) valued at $65.39 million, while institutional investors own 92.82% of the stock.
• Analyst bullishness: Wall Street has turned positive—nine analysts rate SPX a Buy (one Hold) with a consensus target of $248.33 and recent upgrades/raised targets from Bank of America ($280) and Oppenheimer ($272).
• Strong results and guidance: SPX beat quarterly estimates with $1.69 EPS and $566.8M revenue (up 17.4% y/y) and issued FY2026 guidance of $7.75–8.15 EPS versus analyst expectations near $7.94.

Van Berkom & Associates Inc. lowered its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 326,845 shares of the company's stock after selling 30,208 shares during the quarter. Van Berkom & Associates Inc. owned 0.66% of SPX Technologies worth $65,389,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. raised its position in SPX Technologies by 52.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company's stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in SPX Technologies by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,446 shares of the company's stock valued at $644,000 after purchasing an additional 63 shares in the last quarter. Signaturefd LLC raised its position in SPX Technologies by 19.9% during the 4th quarter. Signaturefd LLC now owns 397 shares of the company's stock valued at $79,000 after purchasing an additional 66 shares in the last quarter. Sage Rhino Capital LLC raised its position in SPX Technologies by 5.3% during the 3rd quarter. Sage Rhino Capital LLC now owns 1,350 shares of the company's stock valued at $252,000 after purchasing an additional 68 shares in the last quarter. Finally, Intrust Bank NA raised its position in SPX Technologies by 4.8% during the 3rd quarter. Intrust Bank NA now owns 1,602 shares of the company's stock valued at $299,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company's stock.

Wall Street Analyst Weigh In

SPXC has been the subject of a number of research analyst reports. Wall Street Zen raised SPX Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Bank of America raised SPX Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $240.00 to $280.00 in a research report on Friday, February 13th. Oppenheimer lifted their target price on SPX Technologies from $240.00 to $272.00 and gave the company an "outperform" rating in a research report on Wednesday, February 25th. B. Riley Financial reaffirmed a "buy" rating on shares of SPX Technologies in a research report on Friday. Finally, JPMorgan Chase & Co. started coverage on SPX Technologies in a research report on Wednesday, March 4th. They set an "overweight" rating and a $260.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $248.33.

SPX Technologies Trading Down 3.5%

SPXC opened at $200.82 on Tuesday. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 1.57 and a beta of 1.31. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. SPX Technologies, Inc. has a 12 month low of $142.65 and a 12 month high of $246.68. The stock has a fifty day moving average price of $212.45 and a 200-day moving average price of $211.95.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The firm had revenue of $566.80 million during the quarter, compared to analyst estimates of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, equities research analysts anticipate that SPX Technologies, Inc. will post 7.94 earnings per share for the current fiscal year.

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.

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