SPX Technologies (NYSE:SPXC) Given New $270.00 Price Target at Wells Fargo & Company

SPX Technologies (NYSE:SPXC) had its price target upped by Wells Fargo & Company from $220.00 to $270.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also weighed in on SPXC. 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. B. Riley Financial reiterated a “buy” rating and issued a $244.00 price target (up from $225.00) on shares of SPX Technologies in a report on Wednesday, December 10th. Truist Financial raised their price objective on SPX Technologies from $215.00 to $216.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. TD Cowen reaffirmed a “hold” rating on shares of SPX Technologies in a report on Tuesday, January 6th. Finally, Wall Street Zen raised shares of SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, SPX Technologies has an average rating of “Moderate Buy” and a consensus price target of $245.29.

SPX Technologies Stock Down 6.7%

Shares of NYSE:SPXC opened at $226.66 on Wednesday. The firm 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 company has a fifty day simple moving average of $217.24 and a 200 day simple moving average of $204.48. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.23. SPX Technologies has a 12-month low of $115.00 and a 12-month high of $246.68.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data 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 company had revenue of $637.30 million during 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 19.19%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the business earned $1.51 EPS. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. On average, equities research analysts anticipate that SPX Technologies will post 5.57 EPS for the current fiscal year.

Insider Activity at SPX Technologies

In other SPX Technologies news, insider J Randall Data sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $215.37, for a total value of $2,584,440.00. Following the sale, the insider owned 38,020 shares in the company, valued at approximately $8,188,367.40. This trade represents a 23.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.32% of the company’s stock.

Hedge Funds Weigh In On SPX Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPXC. Hazlett Burt & Watson Inc. bought a new stake in SPX Technologies during the 3rd quarter valued at $28,000. Cullen Frost Bankers Inc. increased its holdings in shares of SPX Technologies by 52.9% during the third quarter. Cullen Frost Bankers Inc. now owns 156 shares of the company’s stock valued at $29,000 after purchasing an additional 54 shares during the period. Optiver Holding B.V. raised its stake in shares of SPX Technologies by 110.5% during the third quarter. Optiver Holding B.V. now owns 160 shares of the company’s stock valued at $30,000 after purchasing an additional 84 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SPX Technologies during the second quarter valued at about $31,000. Finally, Financial Consulate Inc. acquired a new stake in SPX Technologies in the third quarter worth about $34,000. 92.82% of the stock is owned by institutional investors.

Key Stories Impacting SPX Technologies

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.