SPX Technologies (NYSE:SPXC) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Wall Street Zen upgraded SPX Technologies to “Buy” from “Hold,” adding to a broadly positive analyst consensus. MarketBeat reports one Strong Buy, nine Buy and one Hold rating, with a consensus price target of $266.67.
• SPX Technologies exceeded quarterly expectations, reporting $2.02 in EPS versus the $1.85 consensus and $679 million in revenue versus $640.18 million expected. Revenue increased 22.9% year over year, while full-year 2026 guidance is $8.20–$8.60 in EPS.
• Institutional investors own 92.82% of the company, with several funds recently increasing their stakes. Shares opened at $216.23, giving SPX Technologies an approximately $10.83 billion market capitalization.

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

SPXC has been the topic of several other research reports. Truist Financial reissued a "buy" rating and set a $301.00 price objective (up from $295.00) on shares of SPX Technologies in a report on Monday, August 3rd. Zacks Research upgraded SPX Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Oppenheimer reaffirmed an "outperform" rating and issued a $280.00 target price (up from $272.00) on shares of SPX Technologies in a research report on Monday, July 20th. JPMorgan Chase & Co. lifted their price target on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $250.00 price target on shares of SPX Technologies in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $266.67.

SPX Technologies Stock Up 1.0%

Shares of SPXC opened at $216.23 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 1.82. The company has a 50-day simple moving average of $224.68 and a 200-day simple moving average of $217.70. SPX Technologies has a 52 week low of $179.62 and a 52 week high of $251.08. The firm has a market capitalization of $10.83 billion, a P/E ratio of 38.89, a P/E/G ratio of 1.40 and a beta of 1.27.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the business earned $1.65 earnings per share. The firm's revenue for the quarter 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 research analysts expect that SPX Technologies will post 8.47 earnings per share for the current year.

Institutional Trading of SPX Technologies

Institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in SPX Technologies by 46.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company's stock worth $14,854,000 after purchasing an additional 23,439 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of SPX Technologies by 4.1% during the first quarter. Principal Financial Group Inc. now owns 445,434 shares of the company's stock worth $89,060,000 after purchasing an additional 17,524 shares during the last quarter. State of Michigan Retirement System acquired a new stake in shares of SPX Technologies in the fourth quarter valued at $2,361,000. Inceptionr LLC increased its stake in shares of SPX Technologies by 101.6% in the fourth quarter. Inceptionr LLC now owns 5,691 shares of the company's stock valued at $1,139,000 after buying an additional 2,868 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of SPX Technologies by 226.2% in the fourth quarter. State of Wyoming now owns 3,340 shares of the company's stock valued at $668,000 after buying an additional 2,316 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company's stock.

About SPX Technologies

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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