Susquehanna Fundamental Investments LLC Boosts Stake in SPX Technologies, Inc. $SPXC

Susquehanna Fundamental Investments LLC lifted its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 2,713.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,128 shares of the company’s stock after buying an additional 49,311 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.10% of SPX Technologies worth $12,535,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPXC. Group One Trading LLC acquired a new position in shares of SPX Technologies in the 2nd quarter valued at $32,000. Hazlett Burt & Watson Inc. lifted its position in SPX Technologies by 56.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock worth $47,000 after acquiring an additional 85 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in SPX Technologies during the 2nd quarter worth about $47,000. Hantz Financial Services Inc. grew its stake in SPX Technologies by 21.4% during 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 last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of SPX Technologies in the first quarter valued at about $51,000. 92.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. 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. Zacks Research raised shares of SPX Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, B. Riley Financial raised their target price on shares of SPX Technologies from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, SPX Technologies currently has an average rating of “Buy” and an average target price of $266.67.

SPX Technologies Stock Down 0.2%

Shares of SPXC stock opened at $198.26 on Monday. SPX Technologies, Inc. has a twelve month low of $179.62 and a twelve month high of $251.08. The stock has a market cap of $9.93 billion, a P/E ratio of 35.66, a P/E/G ratio of 1.30 and a beta of 1.27. The stock has a 50 day moving average of $217.60 and a 200 day moving average of $217.03. The company has a current ratio of 1.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23.

SPX Technologies (NYSE:SPXC) last released 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. The business had revenue of $679.00 million for the quarter, compared to analyst estimates of $640.18 million. SPX Technologies had a return on equity of 16.53% and a net margin of 11.27%.The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, sell-side analysts expect that SPX Technologies, Inc. will post 8.47 EPS for the current year.

SPX Technologies Company 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.