Wellington Management Group LLP Sells 260,072 Shares of SPX Technologies, Inc. $SPXC

Key Points

• Wellington Management cut its SPX Technologies stake by 71% in the second quarter, selling 260,072 shares and retaining 106,190 shares worth approximately $26.0 million. Institutional investors collectively own 92.82% of SPXC.
• SPX Technologies exceeded quarterly expectations, reporting $2.02 in EPS versus the $1.85 consensus and $679 million in revenue, up 22.9% year over year. The company set fiscal 2026 EPS guidance at $8.20–$8.60.
• Analysts remain broadly bullish, with an average “Buy” rating and a $266.67 average price target, compared with the stock’s reported market price of $196.27.

Wellington Management Group LLP decreased its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 71.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 106,190 shares of the company's stock after selling 260,072 shares during the quarter. Wellington Management Group LLP owned 0.21% of SPX Technologies worth $26,035,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SPXC. Group One Trading LLC acquired a new stake in SPX Technologies during the second quarter worth about $32,000. Hazlett Burt & Watson Inc. raised its holdings in SPX Technologies by 56.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company's stock valued at $47,000 after acquiring an additional 85 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of SPX Technologies in the 2nd quarter worth approximately $47,000. Hantz Financial Services Inc. lifted its position in shares of SPX Technologies by 21.4% in the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company's stock worth $51,000 after acquiring an additional 45 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of SPX Technologies during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 92.82% of the company's stock.

SPX Technologies Price Performance

NYSE:SPXC opened at $196.27 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.23. The firm has a market cap of $9.83 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. SPX Technologies, Inc. has a 12 month low of $179.62 and a 12 month high of $251.08. The company's 50-day moving average price is $213.11 and its two-hundred day moving average price is $215.77.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.85 by $0.17. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The business had revenue of $679.00 million for the quarter, compared to the consensus estimate of $640.18 million. During the same period in the previous year, the business earned $1.65 EPS. SPX Technologies's 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.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Oppenheimer restated an "outperform" rating and issued a $280.00 target price (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. Zacks Research raised shares of SPX Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Truist Financial restated a "buy" rating and issued a $301.00 price objective (up from $295.00) on shares of SPX Technologies in a research note on Monday, August 3rd. Wolfe Research reaffirmed an "outperform" rating and set a $266.00 price objective on shares of SPX Technologies in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of SPX Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average 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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