Dimensional Fund Advisors LP Sells 2,644 Shares of SPX Technologies, Inc. $SPXC

Dimensional Fund Advisors LP lessened its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 0.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 849,160 shares of the company’s stock after selling 2,644 shares during the period. Dimensional Fund Advisors LP owned about 1.69% of SPX Technologies worth $169,753,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new stake in SPX Technologies during the 4th quarter valued at $37,000. Flagship Harbor Advisors LLC bought a new position in shares of SPX Technologies during the 4th quarter worth $40,000. Sound Income Strategies LLC bought a new position in shares of SPX Technologies during the 4th quarter worth $45,000. Hazlett Burt & Watson Inc. increased its stake in shares of SPX Technologies by 56.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 235 shares of the company’s stock valued at $47,000 after buying an additional 85 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of SPX Technologies in the first quarter valued at about $51,000. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Trading Up 0.2%

Shares of NYSE SPXC opened at $220.27 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39. The stock has a market capitalization of $11.03 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 1.62 and a beta of 1.27. SPX Technologies, Inc. has a 1-year low of $175.00 and a 1-year high of $251.08. The business has a fifty day moving average price of $224.30 and a 200 day moving average price of $217.64.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The company had revenue of $566.80 million for the quarter, compared to the consensus estimate of $557.62 million. During the same quarter last year, the company earned $1.38 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that SPX Technologies, Inc. will post 7.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SPXC shares. Wells Fargo & Company upped their price objective on shares of SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SPX Technologies in a research report on Wednesday, July 8th. Finally, Truist Financial increased their price objective on shares of SPX Technologies from $261.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, SPX Technologies has an average rating of “Moderate Buy” and an average price target of $255.30.

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.