Quantbot Technologies LP Makes New $4.63 Million Investment in SPX Technologies, Inc. $SPXC

Quantbot Technologies LP bought a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,766 shares of the company’s stock, valued at approximately $4,626,000.

A number of other large investors have also added to or reduced their stakes in SPXC. Kennedy Capital Management LLC grew its position in SPX Technologies by 271.0% in the second quarter. Kennedy Capital Management LLC now owns 70,191 shares of the company’s stock valued at $11,770,000 after acquiring an additional 51,273 shares during the period. Principal Financial Group Inc. boosted its stake in shares of SPX Technologies by 11.2% in the 3rd quarter. Principal Financial Group Inc. now owns 550,863 shares of the company’s stock valued at $102,890,000 after purchasing an additional 55,482 shares in the last quarter. Moody Aldrich Partners LLC grew its holdings in shares of SPX Technologies by 18.8% in the 3rd quarter. Moody Aldrich Partners LLC now owns 33,475 shares of the company’s stock worth $6,252,000 after purchasing an additional 5,290 shares during the last quarter. Emerald Advisers LLC increased its position in shares of SPX Technologies by 13.6% during the 3rd quarter. Emerald Advisers LLC now owns 153,507 shares of the company’s stock worth $28,672,000 after purchasing an additional 18,403 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of SPX Technologies by 36.6% during the 3rd quarter. Voya Investment Management LLC now owns 186,359 shares of the company’s stock worth $34,808,000 after purchasing an additional 49,884 shares in the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider J Randall Data sold 12,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.37, for a total value of $2,584,440.00. Following the completion of the sale, the insider owned 38,020 shares in the company, valued at $8,188,367.40. This represents a 23.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.32% of the company’s stock.

SPX Technologies Stock Performance

Shares of SPX Technologies stock opened at $227.00 on Monday. The firm has a fifty day moving average of $218.13 and a two-hundred day moving average of $205.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.82 and a current ratio of 2.48. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 1.75 and a beta of 1.30. SPX Technologies, Inc. has a 52 week low of $115.00 and a 52 week high of $246.68.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The business had revenue of $637.30 million during the quarter, compared to analysts’ expectations of $625.98 million. During the same period in the previous year, the firm earned $1.51 earnings per share. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. As a group, equities research analysts predict that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SPXC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SPX Technologies in a research note on Monday, December 29th. Bank of America raised SPX Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $280.00 in a report on Friday, February 13th. TD Cowen reaffirmed a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th. Oppenheimer lifted their price objective on SPX Technologies from $240.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, SPX Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $249.29.

About SPX Technologies

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.