71,108 Shares in SPX Technologies, Inc. $SPXC Purchased by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. bought a new stake in SPX Technologies, Inc. (NYSE:SPXC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 71,108 shares of the company’s stock, valued at approximately $17,434,000. Osterweis Capital Management Inc. owned about 0.14% of SPX Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPXC. Royal Bank of Canada lifted its stake in shares of SPX Technologies by 8.1% in the 1st quarter. Royal Bank of Canada now owns 38,386 shares of the company’s stock valued at $4,942,000 after purchasing an additional 2,892 shares during the period. AQR Capital Management LLC grew its position in SPX Technologies by 74.5% during the first quarter. AQR Capital Management LLC now owns 20,734 shares of the company’s stock valued at $2,670,000 after buying an additional 8,854 shares during the period. Millennium Management LLC grew its position in SPX Technologies by 214.4% during the first quarter. Millennium Management LLC now owns 83,285 shares of the company’s stock valued at $10,725,000 after buying an additional 56,799 shares during the period. NewEdge Advisors LLC increased its holdings in SPX Technologies by 21.8% in the first quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock valued at $80,000 after buying an additional 112 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in SPX Technologies by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,129 shares of the company’s stock valued at $24,742,000 after buying an additional 3,353 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Trading Down 2.9%

Shares of SPXC stock opened at $201.25 on Tuesday. SPX Technologies, Inc. has a fifty-two week low of $179.62 and a fifty-two week high of $251.08. 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 stock’s fifty day moving average is $220.55 and its two-hundred day moving average is $217.50. The firm has a market capitalization of $10.08 billion, a P/E ratio of 36.20, a PEG ratio of 1.35 and a beta of 1.27.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, July 30th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. SPX Technologies had a net margin of 11.27% and a return on equity of 16.53%. The business had revenue of $679.00 million during the quarter, compared to analysts’ expectations of $640.18 million. During the same period in the prior year, the business earned $1.65 earnings per share. The company’s quarterly revenue 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. Research analysts expect that SPX Technologies, Inc. will post 8.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPXC has been the topic of several recent analyst reports. Truist Financial reissued a “buy” rating and set a $301.00 target price (up from $295.00) on shares of SPX Technologies in a research note on Monday, August 3rd. B. Riley Financial lifted their price target on SPX Technologies from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 price target on shares of SPX Technologies in a research report on Monday, August 3rd. Finally, Zacks Research raised SPX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $266.67.

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.