SPX Technologies (NYSE:SPXC) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded SPX Technologies to a "buy" rating, joining a broadly bullish analyst grouping (nine Buys, one Hold) and a consensus price target of $247.22, with several firms raising targets (Bank of America to $280, Truist to $251, Wells Fargo to $240).
• Q1 results beat expectations: SPX reported $1.69 EPS versus $1.55 consensus and revenue of $566.8M (up 17.4% y/y), showing solid margin and top‑line growth.
• Management set FY‑2026 guidance at 7.75–8.15 EPS, roughly in line with street estimates and a factor in the roughly 5% share pullback following the earnings release.

SPX Technologies (NYSE:SPXC - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Other equities research analysts have also issued research reports about the stock. Truist Financial boosted their price objective on shares of SPX Technologies from $244.00 to $251.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. B. Riley Financial reissued a "buy" rating on shares of SPX Technologies in a research note on Friday. Wells Fargo & Company boosted their price objective on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday. BMO Capital Markets started coverage on shares of SPX Technologies in a research note on Friday, March 27th. They set an "outperform" rating and a $243.00 price objective on the stock. Finally, Bank of America raised shares of SPX Technologies from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $240.00 to $280.00 in a research note on Friday, February 13th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, SPX Technologies has a consensus rating of "Moderate Buy" and an average price target of $247.22.

SPX Technologies Trading Down 5.1%

Shares of SPXC opened at $207.71 on Friday. The firm's 50-day moving average price is $212.45 and its 200-day moving average price is $211.55. The firm has a market capitalization 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. SPX Technologies has a 1-year low of $142.11 and a 1-year high of $246.68.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. purchased a new position in SPX Technologies in the third quarter worth about $28,000. Cullen Frost Bankers Inc. raised its holdings in SPX Technologies by 52.9% in 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. raised its holdings in SPX Technologies by 110.5% in 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 position in SPX Technologies in the third quarter worth about $34,000. Finally, Ares Financial Consulting LLC purchased a new position in SPX Technologies in the fourth quarter worth about $37,000. 92.82% of the stock is owned by hedge funds and other institutional investors.

Key SPX Technologies News

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

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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