Segall Bryant & Hamill LLC Sells 7,793 Shares of SPX Technologies, Inc. $SPXC

Segall Bryant & Hamill LLC lessened its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 22.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,451 shares of the company’s stock after selling 7,793 shares during the period. Segall Bryant & Hamill LLC’s holdings in SPX Technologies were worth $5,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in SPX Technologies by 21.4% in the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $51,000 after purchasing an additional 45 shares during the period. Lido Advisors LLC raised its position in shares of SPX Technologies by 1.6% in the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after buying an additional 50 shares in the last quarter. Intrust Bank NA boosted its stake in SPX Technologies by 3.6% during the fourth quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock valued at $332,000 after buying an additional 58 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in SPX Technologies by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock valued at $286,000 after buying an additional 60 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in SPX Technologies by 7.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock worth $188,000 after buying an additional 62 shares in the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Truist Financial restated a “buy” rating and issued a $301.00 target price (up from $295.00) on shares of SPX Technologies in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Finally, B. Riley Financial increased their price target on shares of SPX Technologies from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $266.67.

SPX Technologies Stock Down 2.6%

Shares of NYSE SPXC opened at $213.81 on Tuesday. The stock has a market capitalization of $10.70 billion, a P/E ratio of 38.46, a PEG ratio of 1.55 and a beta of 1.27. SPX Technologies, Inc. has a one year low of $179.62 and a one year high of $251.08. The firm’s 50 day simple moving average is $224.76 and its two-hundred day simple moving average is $217.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.82 and a quick ratio of 1.21.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, topping 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 firm had revenue of $679.00 million during the quarter, compared to analyst estimates of $640.18 million. During the same period in the previous year, the business posted $1.65 EPS. The business’s quarterly revenue was up 22.9% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, analysts expect that SPX Technologies, Inc. will post 8.34 EPS for the current fiscal year.

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.