New York State Teachers Retirement System Has $10.63 Million Position in SPX Technologies, Inc. $SPXC

New York State Teachers Retirement System lowered its position in SPX Technologies, Inc. (NYSE:SPXC) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,151 shares of the company’s stock after selling 3,468 shares during the quarter. New York State Teachers Retirement System owned 0.11% of SPX Technologies worth $10,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. increased its stake in shares of SPX Technologies by 52.9% in the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after buying an additional 54 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of SPX Technologies by 1.9% in the third quarter. Sequoia Financial Advisors LLC now owns 3,446 shares of the company’s stock valued at $644,000 after buying an additional 63 shares during the period. Signaturefd LLC increased its stake in shares of SPX Technologies by 19.9% in the fourth quarter. Signaturefd LLC now owns 397 shares of the company’s stock valued at $79,000 after buying an additional 66 shares during the period. Sage Rhino Capital LLC increased its position in SPX Technologies by 5.3% during the 3rd quarter. Sage Rhino Capital LLC now owns 1,350 shares of the company’s stock valued at $252,000 after purchasing an additional 68 shares during the period. Finally, Intrust Bank NA increased its position in SPX Technologies by 4.8% during the 3rd quarter. Intrust Bank NA now owns 1,602 shares of the company’s stock valued at $299,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPXC. Truist Financial increased their target price on shares of SPX Technologies from $251.00 to $261.00 and gave the company a “buy” rating in a research report on Monday. Bank of America raised shares of SPX Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $240.00 to $280.00 in a research report on Friday, February 13th. BMO Capital Markets began coverage on shares of SPX Technologies in a research report on Friday, March 27th. They set an “outperform” rating and a $243.00 target price for the company. TD Cowen reissued a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised shares of SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SPX Technologies presently has an average rating of “Moderate Buy” and an average target price of $248.33.

SPX Technologies Price Performance

SPX Technologies stock opened at $200.82 on Tuesday. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 1.57 and a beta of 1.31. SPX Technologies, Inc. has a 52-week low of $142.65 and a 52-week high of $246.68. The stock’s 50 day moving average price is $212.45 and its two-hundred day moving average price is $211.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11.

SPX Technologies (NYSE:SPXC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $557.62 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period 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, equities analysts predict that SPX Technologies, Inc. will post 7.94 earnings per share for the current 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.