SPX Technologies, Inc. $SPXC Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 16.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,405 shares of the company’s stock after selling 5,454 shares during the period. Segall Bryant & Hamill LLC owned about 0.05% of SPX Technologies worth $5,119,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. 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 buying an additional 232,436 shares during the period. Invesco Ltd. boosted its position in SPX Technologies by 22.3% in the 2nd quarter. Invesco Ltd. now owns 1,157,177 shares of the company’s stock valued at $194,035,000 after buying an additional 210,682 shares during the period. Geode Capital Management LLC grew its stake in shares of SPX Technologies by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,086,522 shares of the company’s stock worth $182,211,000 after acquiring an additional 17,735 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of SPX Technologies by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 650,803 shares of the company’s stock worth $109,127,000 after acquiring an additional 14,941 shares during the period. Finally, Norges Bank acquired a new stake in shares of SPX Technologies in the second quarter valued at $97,223,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPXC. Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. started coverage on SPX Technologies in a research note on Wednesday. They issued an “overweight” rating and a $260.00 price objective for the company. B. Riley Financial reissued a “buy” rating and set a $244.00 price objective (up from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. Oppenheimer raised their target price on shares of SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Finally, Truist Financial lifted their price target on shares of SPX Technologies from $216.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $250.63.

Insider Activity

In other news, insider J Randall Data sold 12,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.37, for a total value 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. This represents a 23.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.32% of the company’s stock.

SPX Technologies Trading Up 1.1%

SPXC opened at $222.09 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.82 and a current ratio of 2.48. SPX Technologies, Inc. has a one year low of $115.00 and a one year high of $246.68. The company has a market cap of $11.08 billion, a P/E ratio of 44.33, a PEG ratio of 1.70 and a beta of 1.30. The business’s 50-day simple moving average is $219.02 and its 200-day simple moving average is $205.66.

SPX Technologies (NYSE:SPXC) last posted its earnings results on Tuesday, February 24th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $637.30 million during the quarter, compared to analysts’ expectations of $625.98 million. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. As a group, equities research analysts expect that SPX Technologies, Inc. will post 5.57 EPS for the current fiscal year.

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.