<div id="readability-page-1"><p>Nordea Investment Management AB decreased its stake in shares of  SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The institutional investor  owned 350,107 shares of the company's stock after selling 9,717 shares during the period. Nordea Investment Management AB owned 0.75% of SPX Technologies worth $64,556,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>SPX Technologies</strong> alerts:</span></p></div><ul><li>This ETF Weeds Out Small-Cap Underperformers</li></ul><p>A number of other hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of  SPX Technologies by 8.1% during the first quarter. Royal Bank of Canada now owns 38,386 shares of the company's stock worth $4,942,000 after purchasing an additional 2,892 shares in the last quarter.  AQR Capital Management LLC raised its position in  SPX Technologies by 74.5% in the 1st quarter. AQR Capital Management LLC now owns 20,734 shares of the company's stock worth $2,670,000 after purchasing an additional 8,854 shares during the last quarter.  Millennium Management LLC lifted its holdings in  SPX Technologies by 214.4% during the 1st quarter. Millennium Management LLC now owns 83,285 shares of the company's stock worth $10,725,000 after buying an additional 56,799 shares in the last quarter.  NewEdge Advisors LLC lifted its holdings in  SPX Technologies by 21.8% during the 1st quarter. NewEdge Advisors LLC now owns 625 shares of the company's stock worth $80,000 after buying an additional 112 shares in the last quarter.  Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in  SPX Technologies by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,129 shares of the company's stock valued at $24,742,000 after buying an additional 3,353 shares during the last quarter. Institutional investors own  92.82% of the company's stock. </p><h2>SPX Technologies Stock Performance</h2><p>Shares of SPXC stock opened at $209.63 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 stock has a market cap of $10.45 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.33. The stock has a 50-day moving average of $210.48 and a 200-day moving average of $195.25. SPX Technologies, Inc. has a one year low of $115.00 and a one year high of $233.71. </p><ul><li>Stock Rotation is Underway: Here are the Winners Moving Forward</li></ul><p>SPX Technologies (NYSE:SPXC - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.24. SPX Technologies had a net margin of 10.33% and a return on equity of 18.68%. The firm had revenue of $592.80 million during the quarter, compared to analysts' expectations of $574.32 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. The business's revenue for the quarter was up 22.6% on a year-over-year basis. SPX Technologies has set its FY 2025 guidance at 6.650-6.800 EPS.  As a group, sell-side analysts expect that  SPX Technologies, Inc. will post 5.57 earnings per share for the current year. </p><h2>Insiders Place Their Bets</h2><p>In related news, insider John William Swann III sold 38,755 shares of the firm's stock in a transaction 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 sale, the insider owned 64,266 shares of the company's stock, valued at approximately $13,243,294.62. This trade represents a 37.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $2,584,440.00. Following the transaction, the insider owned 38,020 shares in the company, valued at approximately $8,188,367.40. This represents a 23.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.32% of the stock is owned by corporate insiders. </p><h2>Analyst Ratings Changes</h2><p>A number of equities research analysts have recently weighed in on the company. Weiss Ratings  restated a &#34;buy (b)&#34; rating on shares of SPX Technologies in a research report on Monday, December 29th. Wall Street Zen upgraded shares of SPX Technologies from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, November 8th. B. Riley  reiterated a &#34;buy&#34; rating and set a $244.00 price target (up previously from $225.00) on shares of SPX Technologies in a research report on Wednesday, December 10th. TD Cowen assumed coverage on shares of SPX Technologies in a research note on Monday, November 10th. They set a &#34;hold&#34; rating and a $225.00 price target for the company. Finally, Truist Financial increased their price objective on shares of SPX Technologies from $215.00 to $216.00 and gave the company a &#34;hold&#34; rating in a report on Thursday, December 18th. Six research analysts have rated the stock with a Buy rating and four have issued  a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $214.14.</p><p><b>Read Our Latest Report on SPXC</b></p><h2>SPX Technologies Company Profile</h2> (Free Report)<p>SPX Technologies <span>NYSE: SPXC<span></span></span> 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.  </p><p>The company's Detection &amp; Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.</p><h2>See Also</h2><ul><li>Five stocks we like better than SPX Technologies</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>Executive Order 14330: Trump’s Biggest Yet</li><li>If You Keep Cash In A U.S. Bank Account… Read This NOW</li></ul><p><strong>Want to see what other hedge funds are holding SPXC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPX Technologies, Inc. (NYSE:SPXC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQWEM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQWEM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in SPX Technologies Right Now?</h2><p>Before you consider SPX Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SPX Technologies wasn't on the list.</p><p>While SPX Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SPXC

<p>Nordea Investment Management AB reduced its stake in SPX Technologies, Inc. by 2.7% in Q3, holding 350,107 shares valued at $64.56 million. Other institutional investors, including Royal Bank of Canada and AQR Capital Management, have also adjusted their positions. SPX Technologies reported Q3 earnings of $1.84 per share, exceeding estimates, with revenue of $592.8 million, up 22.6% year-over-year. The company has set FY 2025 EPS guidance at 6.650-6.800. Insider trading activity included significant sales by John William Swann III and J Randall Data.</p>

Nordea Investment Management AB Has $64.56 Million Stock Holdings in SPX Technologies, Inc. $SPXC