SPX Technologies (NYSE:SPXC) Price Target Raised to $244.00

SPX Technologies (NYSE:SPXC) had its target price upped by stock analysts at Truist Financial from $216.00 to $244.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 7.65% from the company’s previous close.

Several other equities analysts have also issued reports on the company. B. Riley Financial reaffirmed a “buy” rating and set a $244.00 price objective (up from $225.00) on shares of SPX Technologies in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of SPX Technologies in a research report on Monday, December 29th. Wells Fargo & Company increased their price target on shares of SPX Technologies from $220.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen reaffirmed a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th. Finally, Oppenheimer upped their price objective on SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SPX Technologies has an average rating of “Moderate Buy” and an average target price of $249.29.

SPX Technologies Stock Performance

Shares of SPX Technologies stock opened at $226.66 on Thursday. SPX Technologies has a one year low of $115.00 and a one year high of $246.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.70 and a current ratio of 2.47. The company has a market cap of $11.30 billion, a PE ratio of 45.24, a P/E/G ratio of 1.67 and a beta of 1.32. The business has a 50-day simple moving average of $217.24 and a 200-day simple moving average of $204.48.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. SPX Technologies had a return on equity of 19.19% and a net margin of 10.77%.The business had revenue of $637.30 million for the quarter, compared to the consensus estimate of $625.98 million. During the same quarter in the prior year, the business posted $1.51 EPS. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, equities research analysts forecast that SPX Technologies will post 5.57 EPS for the current fiscal year.

Insider Activity

In other SPX Technologies news, insider J Randall Data sold 12,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $215.37, for a total transaction of $2,584,440.00. Following the completion of the transaction, the insider owned 38,020 shares in the company, valued at approximately $8,188,367.40. The trade was a 23.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.32% of the company’s stock.

Institutional Trading of SPX Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new stake in shares of SPX Technologies in the 3rd quarter valued at $28,000. Cullen Frost Bankers Inc. increased its holdings in shares of SPX Technologies by 52.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after acquiring an additional 54 shares during the last quarter. Optiver Holding B.V. lifted its holdings in SPX Technologies by 110.5% in the 3rd quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock worth $30,000 after purchasing an additional 84 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in SPX Technologies during the second quarter worth approximately $31,000. Finally, Financial Consulate Inc. bought a new position in shares of SPX Technologies in the third quarter valued at approximately $34,000. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting SPX Technologies

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Q4 results beat modestly — SPX reported Q4 EPS of $1.88 vs. $1.86 consensus and revenue of $637.3M vs. $626M est., with revenue up ~19.4% year‑over‑year, showing continued top‑line momentum. SPX Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Analysts remain constructive — Oppenheimer raised its price target to $272 and Wells Fargo to $270 (both now bullish ratings), signaling continued analyst confidence and meaningful upside vs. recent levels. Benzinga
• Neutral Sentiment: FY‑2026 guidance largely in line with expectations — management set EPS guidance of $7.60–$8.00 (consensus ~7.69) and revenue guidance ~$2.5–$2.6B, which is not a clear upside surprise and leaves forward expectations roughly as modeled. Earnings Call Summary
• Negative Sentiment: Market reaction: investors sold despite the beat — multiple news outlets and commentaries highlight a sharp intraday decline after the print, indicating profit‑taking or disappointment that guidance wasn’t a standout catalyst. AAII: Why SPX Technologies Stock Is Down
• Negative Sentiment: Short interest increased — short interest rose ~20.7% in February to 976,294 shares (about 2.0% of shares outstanding) with a days‑to‑cover of ~2.6 days, which can amplify downward pressure on weak prints or headline risk.

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.