Natixis Advisors LLC Has $3.73 Million Stock Position in SPX Technologies, Inc. $SPXC

Natixis Advisors LLC lowered its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,658 shares of the company’s stock after selling 13,020 shares during the period. Natixis Advisors LLC’s holdings in SPX Technologies were worth $3,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SPXC. New Mexico Educational Retirement Board acquired a new stake in shares of SPX Technologies in the 4th quarter worth about $2,041,000. Hazlett Burt & Watson Inc. raised its holdings in shares of SPX Technologies by 56.7% in 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 last quarter. AdvisorShares Investments LLC raised its holdings in shares of SPX Technologies by 153.2% in the 4th quarter. AdvisorShares Investments LLC now owns 899 shares of the company’s stock worth $180,000 after acquiring an additional 544 shares during the last quarter. Norges Bank acquired a new stake in shares of SPX Technologies in the 4th quarter worth about $123,721,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of SPX Technologies in the 4th quarter worth about $178,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Trading Down 0.5%

Shares of SPXC stock opened at $228.77 on Wednesday. SPX Technologies, Inc. has a 52-week low of $152.79 and a 52-week high of $246.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. The company has a 50-day simple moving average of $212.73 and a two-hundred day simple moving average of $213.48. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 44.77, a PEG ratio of 1.69 and a beta of 1.28.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $557.62 million. During the same period in the prior year, the firm posted $1.38 EPS. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. Research analysts anticipate that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SPXC shares. Wells Fargo & Company upped their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $240.00 to $280.00 in a report on Friday, February 13th. Truist Financial upped their target price on shares of SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.