Inceptionr LLC Acquires 2,868 Shares of SPX Technologies, Inc. $SPXC

Inceptionr LLC increased its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 101.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,691 shares of the company’s stock after purchasing an additional 2,868 shares during the period. Inceptionr LLC’s holdings in SPX Technologies were worth $1,139,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SPXC. Royal Bank of Canada boosted its holdings in SPX Technologies by 8.1% in the first quarter. Royal Bank of Canada now owns 38,386 shares of the company’s stock worth $4,942,000 after purchasing an additional 2,892 shares in the last quarter. AQR Capital Management LLC grew its stake in SPX Technologies by 74.5% in the 1st 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 last quarter. Millennium Management LLC grew its stake in SPX Technologies by 214.4% in the 1st 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 last quarter. NewEdge Advisors LLC grew its stake in SPX Technologies by 21.8% in the 1st quarter. NewEdge Advisors LLC now owns 625 shares of the company’s stock valued at $80,000 after buying an additional 112 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in SPX Technologies by 1.8% in the 1st 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 during the last quarter. 92.82% of the stock is currently owned by institutional investors.

SPX Technologies Price Performance

Shares of NYSE:SPXC opened at $223.96 on Thursday. The business has a 50 day moving average price of $213.39 and a 200 day moving average price of $213.65. SPX Technologies, Inc. has a twelve month low of $152.79 and a twelve month high of $246.68. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 1.67 and a beta of 1.28. The company has a quick ratio of 1.39, a current ratio of 2.11 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC) last released its earnings results on Thursday, April 30th. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. SPX Technologies had a net margin of 10.76% and a return on equity of 16.98%. The business had revenue of $566.80 million during the quarter, compared to analysts’ expectations of $557.62 million. During the same quarter last year, the company earned $1.38 earnings per share. The firm’s revenue was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Research analysts predict that SPX Technologies, Inc. will post 7.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Wells Fargo & Company increased their target price on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their target price on SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a research note on Friday, May 1st. Finally, Oppenheimer increased their target price on SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.44.

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.