Cadent Capital Advisors LLC Acquires New Shares in SPX Technologies, Inc. $SPXC

Cadent Capital Advisors LLC bought a new position in SPX Technologies, Inc. (NYSE:SPXC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,245 shares of the company’s stock, valued at approximately $1,049,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Kennedy Capital Management LLC raised its position in SPX Technologies by 271.0% during the second quarter. Kennedy Capital Management LLC now owns 70,191 shares of the company’s stock valued at $11,770,000 after acquiring an additional 51,273 shares in the last quarter. Principal Financial Group Inc. grew its position in SPX Technologies by 11.2% in the third quarter. Principal Financial Group Inc. now owns 550,863 shares of the company’s stock worth $102,890,000 after acquiring an additional 55,482 shares in the last quarter. Moody Aldrich Partners LLC increased its stake in shares of SPX Technologies by 18.8% during the 3rd quarter. Moody Aldrich Partners LLC now owns 33,475 shares of the company’s stock worth $6,252,000 after purchasing an additional 5,290 shares during the last quarter. Emerald Advisers LLC raised its holdings in shares of SPX Technologies by 13.6% during the 3rd quarter. Emerald Advisers LLC now owns 153,507 shares of the company’s stock valued at $28,672,000 after purchasing an additional 18,403 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of SPX Technologies by 36.6% in the 3rd quarter. Voya Investment Management LLC now owns 186,359 shares of the company’s stock valued at $34,808,000 after purchasing an additional 49,884 shares during the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Stock Down 0.2%

SPX Technologies stock opened at $200.90 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.48 and a quick ratio of 1.82. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $246.68. The firm has a fifty day moving average price of $217.74 and a two-hundred day moving average price of $207.20. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 1.54 and a beta of 1.30.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The company had revenue of $637.30 million for the quarter, compared to the consensus estimate of $625.98 million. During the same period last year, the business posted $1.51 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 7.600-8.000 EPS. As a group, analysts forecast that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SPXC shares. Oppenheimer upped their price objective on shares of SPX Technologies from $240.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. TD Cowen reaffirmed a “hold” rating on shares of SPX Technologies in a research report on Tuesday, January 6th. Truist Financial upped their price target on SPX Technologies from $216.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th. Wells Fargo & Company raised their price objective on SPX Technologies from $220.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Finally, Bank of America upgraded SPX Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $280.00 in a report on Friday, February 13th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.63.

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.