SPX Technologies (NYSE:SPXC) Given New $270.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on SPX Technologies to $270 (from $260) and kept an "overweight" rating, implying about a 26.8% upside from the stock's current price.
• SPX reported an earnings beat for the quarter—EPS $1.69 vs. $1.55 expected and revenue $566.8M vs. $557.6M—and set FY2026 guidance of $7.75–$8.15 per share (street avg ~7.95).
• Analysts show a consensus "Moderate Buy" (average target $249.44 with nine Buys and one Hold), and institutional ownership is very high (~92.8%) with major investors like Vanguard and Invesco increasing positions.

SPX Technologies (NYSE:SPXC - Get Free Report) had its price objective boosted by analysts at JPMorgan Chase & Co. from $260.00 to $270.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 26.82% from the company's current price.

Several other research analysts have also issued reports on the company. Truist Financial boosted their target price on SPX Technologies from $251.00 to $261.00 and gave the company a "buy" rating in a research report on Monday. Wells Fargo & Company lifted their price target on shares of SPX Technologies from $225.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Wall Street Zen raised shares of SPX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. 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 on the stock. Finally, TD Cowen reissued a "hold" rating on shares of SPX Technologies in a report on Tuesday, January 6th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $249.44.

SPX Technologies Stock Up 2.5%

Shares of SPX Technologies stock traded up $5.09 during midday trading on Wednesday, hitting $212.90. The company had a trading volume of 467,821 shares, compared to its average volume of 463,614. The stock has a market capitalization of $10.68 billion, a P/E ratio of 41.66, a P/E/G ratio of 1.48 and a beta of 1.31. SPX Technologies has a 52-week low of $147.39 and a 52-week high of $246.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. The company has a 50 day moving average of $211.76 and a 200 day moving average of $212.11.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The business had revenue of $566.80 million for the quarter, compared to analysts' expectations of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The firm's quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, equities analysts predict that SPX Technologies will post 7.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SPX Technologies

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of SPX Technologies by 4.6% during the third quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company's stock valued at $989,649,000 after buying an additional 232,436 shares during the last quarter. Invesco Ltd. boosted its holdings in SPX Technologies by 62.4% in the third quarter. Invesco Ltd. now owns 1,879,216 shares of the company's stock valued at $351,000,000 after purchasing an additional 722,039 shares during the last quarter. Capital International Investors purchased a new stake in SPX Technologies in the fourth quarter valued at $307,494,000. Geode Capital Management LLC boosted its holdings in SPX Technologies by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 1,213,809 shares of the company's stock valued at $242,874,000 after purchasing an additional 63,889 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in SPX Technologies by 7.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,176,481 shares of the company's stock valued at $235,368,000 after purchasing an additional 84,117 shares during the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.

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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