Goelzer Investment Management Inc. Invests $720,000 in SPX Technologies, Inc. $SPXC

Goelzer Investment Management Inc. bought a new position in shares of SPX Technologies, Inc. (NYSE:SPXC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,600 shares of the company’s stock, valued at approximately $720,000.

A number of other large investors have also recently bought and sold shares of SPXC. Hazlett Burt & Watson Inc. purchased a new position in SPX Technologies during the 3rd quarter worth approximately $28,000. Cullen Frost Bankers Inc. boosted its holdings in shares of SPX Technologies by 52.9% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after acquiring an additional 54 shares during the last quarter. Optiver Holding B.V. increased its stake in shares of SPX Technologies by 110.5% in the third quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock worth $30,000 after acquiring an additional 84 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPX Technologies in the second quarter worth $31,000. Finally, Financial Consulate Inc. purchased a new position in shares of SPX Technologies during the third quarter worth $34,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPXC shares. BMO Capital Markets initiated coverage on shares of SPX Technologies in a research report on Friday. They set an “outperform” rating and a $243.00 target price for the company. Truist Financial raised SPX Technologies from a “hold” rating to a “buy” rating and cut their price target for the stock from $244.00 to $243.00 in a research report on Friday. Wells Fargo & Company lifted their price objective on SPX Technologies from $220.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Bank of America raised SPX Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $240.00 to $280.00 in a report on Friday, February 13th. Finally, Oppenheimer upped their target price on SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.67.

SPX Technologies Stock Performance

SPXC opened at $199.75 on Monday. The firm has a fifty day moving average price of $217.39 and a 200 day moving average price of $207.56. SPX Technologies, Inc. has a 1 year low of $115.00 and a 1 year high of $246.68. The stock has a market cap of $9.96 billion, a P/E ratio of 39.87, a P/E/G ratio of 1.53 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.48 and a quick ratio of 1.82.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $637.30 million for the quarter, compared to analyst estimates of $625.98 million. SPX Technologies had a net margin of 10.77% and a return on equity of 17.82%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $1.51 earnings per share. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. Equities research analysts anticipate that SPX Technologies, Inc. will post 5.57 earnings per share for the current 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.