Oppenheimer Issues Positive Forecast for SPX Technologies (NYSE:SPXC) Stock Price

SPX Technologies (NYSE:SPXC) had its price target hoisted by Oppenheimer from $240.00 to $272.00 in a research report report published on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other analysts also recently issued reports on SPXC. Wells Fargo & Company upped their price objective on shares of SPX Technologies from $220.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $240.00 to $280.00 in a report on Friday, February 13th. Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of SPX Technologies in a research report on Monday, December 29th. Finally, TD Cowen restated a “hold” rating on shares of SPX Technologies in a research note on Tuesday, January 6th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, SPX Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $245.29.

SPX Technologies Stock Performance

SPXC opened at $226.66 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.70 and a current ratio of 2.47. The company has a market cap of $11.30 billion, a PE ratio of 45.24, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The stock has a 50-day moving average of $217.24 and a 200-day moving average of $204.48. SPX Technologies has a 52-week low of $115.00 and a 52-week high of $246.68.

SPX Technologies (NYSE:SPXC) last posted its earnings results on Tuesday, February 24th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The firm had revenue of $637.30 million during the quarter, compared to analyst estimates of $625.98 million. SPX Technologies had a return on equity of 19.19% and a net margin of 10.77%.The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 EPS. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. As a group, equities research analysts forecast that SPX Technologies will post 5.57 earnings per share for the current fiscal year.

Insider Buying and Selling at SPX Technologies

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

Hedge Funds Weigh In On SPX Technologies

Several large investors have recently added to or reduced their stakes in SPXC. Hantz Financial Services Inc. grew its stake in shares of SPX Technologies by 21.4% during the 4th quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Lido Advisors LLC lifted its position in shares of SPX Technologies by 1.6% in the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after purchasing an additional 50 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in SPX Technologies by 52.9% during the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in SPX Technologies by 1.2% during the second quarter. Ameritas Investment Partners Inc. now owns 4,661 shares of the company’s stock worth $782,000 after purchasing an additional 56 shares during the last quarter. Finally, Intrust Bank NA grew its position in SPX Technologies by 3.6% in the fourth quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock valued at $332,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

More SPX Technologies News

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Q4 beat and growth: SPX reported Q4 revenue of $637.3M and EPS of $1.88, beating consensus by a small amount and showing ~19% revenue growth year-over-year — evidence of ongoing demand strength. SPX Reports Fourth Quarter and Full-Year 2025 Results
• Positive Sentiment: Guidance and analyst upgrades: SPX set FY2026 EPS guidance of $7.60–$8.00 and revenue guidance near ~$2.5B–$2.6B (roughly in-line with consensus). Oppenheimer and Wells Fargo raised price targets to $272 and $270 respectively, signaling buy-side confidence in further upside. Benzinga analyst note
• Neutral Sentiment: Investor materials and color: The company’s earnings presentation and call transcript are available — useful for checking backlog, margin drivers and order trends that will determine whether FY2026 targets are sustainable. Earnings Call Transcript
• Negative Sentiment: Rising short interest and heavier selling: Short interest rose ~20.7% in February to ~976k shares (≈2.0% of float), increasing the days-to-cover to ~2.6 — that elevated short activity and heavier-than-normal volume likely added downward pressure. (Short interest data reported in market feeds.)
• Negative Sentiment: Market reaction / valuation concerns: Several articles highlight that despite the beat, the stock pulled back — analysts and commentators cite high valuation (PE near 48) and post-runup profit-taking as reasons for the drop. See coverage explaining intraday declines. AAII: Why SPXC is down Yahoo: Why SPXC shares are falling

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.