SPX Technologies (NYSE:SPXC) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded SPX Technologies from a buy to a hold, even though the broader analyst view remains constructive with an average rating of Moderate Buy.
• Several firms recently raised their outlook on the stock, including Truist, Oppenheimer, Wells Fargo, and Bank of America, with consensus price targets generally well above the current share price.
• SPX Technologies reported better-than-expected Q1 results, including EPS of $1.69 versus $1.55 expected and revenue up 17.4% year over year, while also issuing FY2026 EPS guidance of 7.75 to 8.15.

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

A number of other equities analysts have also weighed in on the company. Truist Financial increased their target price on SPX Technologies from $251.00 to $261.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Oppenheimer boosted their price target on SPX Technologies from $240.00 to $272.00 and gave the company an "outperform" rating in a research note on Wednesday, February 25th. Wells Fargo & Company upped their price objective on SPX Technologies from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 1st. BMO Capital Markets started coverage on SPX Technologies in a report on Friday, March 27th. They set an "outperform" rating and a $243.00 target price for the company. Finally, Bank of America raised shares of SPX Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the company from $240.00 to $280.00 in a research report on Friday, February 13th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, SPX Technologies currently has an average rating of "Moderate Buy" and an average price target of $249.44.

SPX Technologies Stock Performance

NYSE SPXC opened at $202.92 on Friday. The stock has a market cap of $10.18 billion, a PE ratio of 39.71, a P/E/G ratio of 1.49 and a beta of 1.31. 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 firm has a 50-day moving average of $210.51 and a 200-day moving average of $212.47. SPX Technologies has a 52-week low of $147.39 and a 52-week high of $246.68.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The business had revenue of $566.80 million for the quarter, compared to analyst estimates of $557.62 million. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. SPX Technologies's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. On average, sell-side analysts anticipate that SPX Technologies will post 7.97 EPS for the current year.

Institutional Investors Weigh In On SPX Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in SPX Technologies by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,298,472 shares of the company's stock worth $989,649,000 after acquiring an additional 232,436 shares during the period. Invesco Ltd. lifted its position in shares of SPX Technologies by 62.4% during the 3rd quarter. Invesco Ltd. now owns 1,879,216 shares of the company's stock valued at $351,000,000 after acquiring an additional 722,039 shares during the period. Capital International Investors acquired a new stake in shares of SPX Technologies during the 4th quarter worth $307,494,000. Geode Capital Management LLC grew its holdings in shares of SPX Technologies by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 1,213,809 shares of the company's stock worth $242,874,000 after purchasing an additional 63,889 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of 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 worth $235,368,000 after purchasing an additional 84,117 shares during the period. Institutional investors and hedge funds own 92.82% of the company's stock.

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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