SPX Technologies, Inc. $SPXC Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 5.9% in the 1st quarter, Holdings Channel reports. The fund owned 765,245 shares of the company’s stock after buying an additional 42,921 shares during the period. Janus Henderson Group PLC’s holdings in SPX Technologies were worth $153,011,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in SPX Technologies by 46.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock valued at $14,854,000 after purchasing an additional 23,439 shares during the period. State of Michigan Retirement System acquired a new stake in shares of SPX Technologies in the fourth quarter valued at approximately $2,361,000. Inceptionr LLC raised its holdings in shares of SPX Technologies by 101.6% during 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 during the last quarter. Principal Financial Group Inc. raised 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 valued at $89,060,000 after buying an additional 17,524 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of SPX Technologies by 226.2% during the fourth quarter. State of Wyoming now owns 3,340 shares of the company’s stock worth $668,000 after buying an additional 2,316 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Trading Up 10.2%

SPX Technologies stock opened at $219.66 on Friday. SPX Technologies, Inc. has a 12-month low of $179.17 and a 12-month high of $251.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39. The stock has a market capitalization of $11.00 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The firm has a 50 day simple moving average of $224.63 and a 200-day simple moving average of $217.60.

SPX Technologies (NYSE:SPXC) last announced its earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.85 by $0.17. The firm had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $640.18 million. SPX Technologies had a return on equity of 16.76% and a net margin of 11.27%.The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.65 earnings per share. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, equities research analysts expect that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SPXC shares. Truist Financial increased their price objective on SPX Technologies from $261.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. B. Riley Financial increased their price target on SPX Technologies from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research reissued an “outperform” rating and set a $266.00 price target on shares of SPX Technologies in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, SPX Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.89.

SPX Technologies News Summary

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

• Positive Sentiment: SPX reported second-quarter adjusted earnings of $2.02 per share, above the $1.85 analyst consensus and up from $1.65 a year earlier. Revenue rose 22.9% year over year to $679 million, exceeding estimates of $640.18 million. SPX Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook to adjusted EPS of $8.20-$8.60, with an $8.40 midpoint above the prior consensus estimate of $8.02. Revenue guidance of $2.7 billion-$2.8 billion also exceeds the approximately $2.6 billion analyst expectation. SPX Technologies Raises 2026 Outlook
• Positive Sentiment: The earnings call highlighted surging data-center demand, expanded capacity and a potential data-center opportunity of roughly $1.1 billion. The company also emphasized continued mergers-and-acquisitions activity, supporting expectations for additional growth. SPXC Q2 Earnings Call Highlights
• Neutral Sentiment: Analysts maintain an overall “Moderate Buy” recommendation, although the stock’s elevated valuation—approximately 43 times earnings—could make it more sensitive to execution or guidance disappointments. SPX Technologies Analyst Recommendation

SPX Technologies 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.