118,181 Shares in SPX Technologies, Inc. $SPXC Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC bought a new stake in SPX Technologies, Inc. (NYSE:SPXC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 118,181 shares of the company’s stock, valued at approximately $19,817,000. Fisher Asset Management LLC owned about 0.25% of SPX Technologies as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers acquired a new stake in shares of SPX Technologies in the first quarter valued at approximately $694,000. LPL Financial LLC grew its position in SPX Technologies by 3.4% in the first quarter. LPL Financial LLC now owns 13,363 shares of the company’s stock valued at $1,721,000 after purchasing an additional 439 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in SPX Technologies by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 635,862 shares of the company’s stock valued at $81,886,000 after buying an additional 10,501 shares during the last quarter. AlphaCore Capital LLC lifted its position in SPX Technologies by 3.4% during the 1st quarter. AlphaCore Capital LLC now owns 2,068 shares of the company’s stock worth $266,000 after buying an additional 68 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of SPX Technologies by 7.4% during the 1st quarter. Citigroup Inc. now owns 70,520 shares of the company’s stock worth $9,082,000 after buying an additional 4,852 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Wall Street Analysts Forecast Growth

SPXC has been the topic of several analyst reports. Wall Street Zen upgraded SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. B. Riley reiterated a “buy” rating and set a $225.00 price objective (up previously from $212.00) on shares of SPX Technologies in a research note on Monday, October 27th. Bank of America started coverage on SPX Technologies in a report on Wednesday, October 8th. They issued a “neutral” rating and a $202.00 price objective for the company. TD Cowen began coverage on shares of SPX Technologies in a report on Monday, November 10th. They set a “hold” rating and a $225.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of SPX Technologies in a research note on Monday. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

SPX Technologies Trading Up 0.0%

Shares of SPX Technologies stock opened at $209.27 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.47 and a quick ratio of 1.70. The business has a fifty day simple moving average of $200.58 and a two-hundred day simple moving average of $184.26. SPX Technologies, Inc. has a 1 year low of $115.00 and a 1 year high of $233.71. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 1.96 and a beta of 1.32.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.24. The company had revenue of $592.80 million for the quarter, compared to analyst estimates of $574.32 million. SPX Technologies had a net margin of 10.33% and a return on equity of 18.68%. The company’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS. Research analysts forecast that SPX Technologies, Inc. will post 5.57 EPS for the current year.

Insider Transactions at SPX Technologies

In other news, insider John William Swann III sold 38,755 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $206.07, for a total transaction of $7,986,242.85. Following the completion of the sale, the insider owned 64,266 shares in the company, valued at $13,243,294.62. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.32% of the stock is owned by company insiders.

SPX Technologies Profile

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.