Vanguard Group Inc. Has $1.01 Billion Stock Position in SPX Technologies, Inc. $SPXC

Key Points

• Vanguard trimmed its position by 4.7% in Q4 and now holds 5,050,673 shares—about 10.13% of SPX Technologies, valued at roughly $1.01 billion.
• Q1 results beat expectations with $1.69 EPS vs. $1.55 consensus and $566.8M revenue (up 17.4% y/y); management set FY‑2026 guidance of 7.75–8.15 EPS and several analysts raised price targets, leaving a consensus "Moderate Buy" and average target of $247.22.
• Shares opened at $207.71 (down ~5.1%), the company has a market cap of $10.42 billion and institutional ownership of about 92.82%.

Vanguard Group Inc. reduced its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,050,673 shares of the company's stock after selling 247,799 shares during the quarter. Vanguard Group Inc. owned 10.13% of SPX Technologies worth $1,010,438,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. purchased a new stake in shares of SPX Technologies during the third quarter valued at approximately $28,000. Cullen Frost Bankers Inc. increased its holdings in SPX Technologies by 52.9% during the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company's stock worth $29,000 after buying an additional 54 shares during the last quarter. Optiver Holding B.V. increased its holdings in SPX Technologies by 110.5% during the third quarter. Optiver Holding B.V. now owns 160 shares of the company's stock worth $30,000 after buying an additional 84 shares during the last quarter. Financial Consulate Inc. purchased a new stake in SPX Technologies during the third quarter worth about $34,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in SPX Technologies during the fourth quarter worth about $40,000. 92.82% of the stock is owned by institutional investors.

SPX Technologies Trading Down 5.1%

Shares of SPX Technologies stock opened at $207.71 on Friday. SPX Technologies, Inc. has a 12-month low of $142.11 and a 12-month high of $246.68. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 1.68 and a beta of 1.31. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 0.22. The company's 50-day moving average price is $212.45 and its 200-day moving average price is $211.55.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The firm had revenue of $566.80 million for the quarter, compared to the consensus estimate of $557.62 million. SPX Technologies had a net margin of 10.76% and a return on equity of 17.65%. The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, equities analysts expect that SPX Technologies, Inc. will post 7.79 earnings per share for the current fiscal year.

SPX Technologies News Summary

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Q1 results beat expectations: SPX reported $1.69 EPS vs. $1.55 consensus and revenue of $566.8M (up 17.4% y/y), showing solid margin and top‑line growth. This underpins the bullish analyst activity. SPX Reports First Quarter 2026 Results
• Positive Sentiment: Wells Fargo raised its price target to $240 and moved SPXC to an "Overweight" rating, signaling institutional confidence that there’s meaningful upside from current levels. Benzinga
• Positive Sentiment: Truist also hiked its price target (to $251), adding to the positive analyst momentum following the quarter. Truist Raises Price Target
• Neutral Sentiment: Management hosted an earnings call and published transcripts/recaps; the call highlights growth drivers and updated expectations — useful for investors wanting more color but not introducing new headline surprises. Earnings Call Highlights
• Negative Sentiment: FY‑2026 guidance was set to an EPS range of 7.75–8.15, which sits around or slightly below some street estimates (consensus ~7.87); that tempered the reaction for some investors and may explain profit‑taking after the beat. Earnings / Guidance Details

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of SPX Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Truist Financial raised their price objective on shares of SPX Technologies from $244.00 to $251.00 and gave the stock a "buy" rating in a report on Monday, April 20th. BMO Capital Markets assumed coverage on shares of SPX Technologies in a report on Friday, March 27th. They set an "outperform" rating and a $243.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of SPX Technologies in a report on Wednesday, March 4th. They set an "overweight" rating and a $260.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $247.22.

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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