TD Waterhouse Canada Inc. Raises Position in SPX Technologies, Inc. $SPXC

TD Waterhouse Canada Inc. boosted its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 13.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 30,323 shares of the company’s stock after purchasing an additional 3,642 shares during the period. TD Waterhouse Canada Inc.’s holdings in SPX Technologies were worth $7,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Group One Trading LLC purchased a new position in shares of SPX Technologies in the second quarter worth about $32,000. Hazlett Burt & Watson Inc. boosted its holdings in SPX Technologies by 56.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after acquiring an additional 85 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SPX Technologies during the 2nd quarter worth approximately $47,000. Hantz Financial Services Inc. grew its position in SPX Technologies by 21.4% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in SPX Technologies in the 1st quarter worth approximately $51,000. 92.82% of the stock is owned by institutional investors.

SPX Technologies Stock Performance

NYSE:SPXC opened at $196.27 on Friday. The stock has a market cap of $9.83 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The firm’s fifty day simple moving average is $213.11 and its 200 day simple moving average is $215.77. SPX Technologies, Inc. has a twelve month low of $179.62 and a twelve month high of $251.08. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.23.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.02 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $640.18 million. During the same period in the prior year, the business earned $1.65 EPS. The company’s revenue for the quarter 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, research analysts predict that SPX Technologies, Inc. will post 8.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Truist Financial reaffirmed 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, August 3rd. Oppenheimer reissued an “outperform” rating and set a $280.00 price target (up from $272.00) on shares of SPX Technologies in a research report on Monday, July 20th. Wall Street Zen raised shares of SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of SPX Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price objective on shares of SPX Technologies in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price 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.