<div id="readability-page-1">State of Michigan Retirement System bought a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,800 shares of the company's stock, valued at approximately $2,361,000.<ul><li>This ETF Weeds Out Small-Cap Underperformers</li></ul>A number of other hedge funds have also added to or reduced their stakes in SPXC. Principal Financial Group Inc. increased its position in shares of SPX Technologies by 11.2% during the third quarter. Principal Financial Group Inc. now owns 550,863 shares of the company's stock worth $102,890,000 after purchasing an additional 55,482 shares in the last quarter. Emerald Advisers LLC increased its position in shares of SPX Technologies by 13.6% during the third quarter. Emerald Advisers LLC now owns 153,507 shares of the company's stock worth $28,672,000 after purchasing an additional 18,403 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of SPX Technologies during the third quarter worth approximately $4,626,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of SPX Technologies by 93.5% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 50,785 shares of the company's stock worth $9,486,000 after purchasing an additional 24,537 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in SPX Technologies by 12.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 93,074 shares of the company's stock valued at $17,384,000 after buying an additional 10,324 shares in the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors. <div>Get SPX Technologies alerts:</div><h2>Key SPX Technologies News</h2>Here are the key news stories impacting SPX Technologies this week:<ul> <li>Positive Sentiment: Q1 results beat expectations: SPX reported $1.69 EPS vs. $1.55 consensus and revenue of $566.8M (up 17.4% y/y), showing solid margin and top‑line growth. This underpins the bullish analyst activity. SPX Reports First Quarter 2026 Results</li> <li>Positive Sentiment: Wells Fargo raised its price target to $240 and moved SPXC to an &#34;Overweight&#34; rating, signaling institutional confidence that there’s meaningful upside from current levels. Benzinga</li> <li>Positive Sentiment: Truist also hiked its price target (to $251), adding to the positive analyst momentum following the quarter. Truist Raises Price Target</li> <li>Neutral Sentiment: Management hosted an earnings call and published transcripts/recaps; the call highlights growth drivers and updated expectations — useful for investors wanting more color but not introducing new headline surprises. Earnings Call Highlights</li> <li>Negative Sentiment: FY‑2026 guidance was set to an EPS range of 7.75–8.15, which sits around or slightly below some street estimates (consensus ~7.87); that tempered the reaction for some investors and may explain profit‑taking after the beat. Earnings / Guidance Details</li> </ul><h2>Analysts Set New Price Targets</h2><ul><li>Stock Rotation is Underway: Here are the Winners Moving Forward</li></ul>SPXC has been the subject of several analyst reports. Bank of America upgraded SPX Technologies from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and upped their target price for the company from $240.00 to $280.00 in a report on Friday, February 13th. Oppenheimer upped their target price on SPX Technologies from $240.00 to $272.00 and gave the company an &#34;outperform&#34; rating in a report on Wednesday, February 25th. JPMorgan Chase &amp; Co. initiated coverage on SPX Technologies in a report on Wednesday, March 4th. They issued an &#34;overweight&#34; rating and a $260.00 target price for the company. Wells Fargo &amp; Company upped their target price on SPX Technologies from $225.00 to $240.00 and gave the company an &#34;overweight&#34; rating in a report on Friday. Finally, Wall Street Zen upgraded SPX Technologies from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Saturday. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $247.22.Check Out Our Latest Stock Analysis on SPX Technologies<h2>SPX Technologies Price Performance</h2>SPXC opened at $207.71 on Friday. The stock's 50-day moving average price is $212.45 and its 200 day moving average price is $211.55. SPX Technologies, Inc. has a 12-month low of $142.11 and a 12-month high of $246.68. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 0.22. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 1.68 and a beta of 1.31. SPX Technologies (NYSE:SPXC - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $566.80 million for the quarter, compared to analyst estimates of $557.62 million. SPX Technologies had a return on equity of 17.65% and a net margin of 10.76%.SPX Technologies's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, sell-side analysts expect that SPX Technologies, Inc. will post 7.79 earnings per share for the current year. <h2>SPX Technologies Profile</h2> (Free Report)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 &amp; Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.<h2>Recommended Stories</h2><ul><li>Five stocks we like better than SPX Technologies</li></ul>Want to see what other hedge funds are holding SPXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPX Technologies, Inc. (NYSE:SPXC - Free Report).<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"/>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.<h2>Should You Invest $1,000 in SPX Technologies Right Now?</h2>Before you consider SPX Technologies, you'll want to hear this.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.While SPX Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here </div>

SPXC

State of Michigan Retirement System acquired 11,800 shares of SPX Technologies, Inc. (NYSE:SPXC) valued at approximately $2.36 million in Q4. Other hedge funds also increased their stakes, with Principal Financial Group raising its position by 11.2%. SPX Technologies reported strong Q1 results, beating EPS expectations, leading to positive analyst sentiment and price target increases from firms like Wells Fargo and Truist. However, FY-2026 guidance slightly below estimates tempered some investor reactions. The stock currently has a consensus rating of "Moderate Buy" with an average target price of $247.22.

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State of Michigan Retirement System Buys Shares of 11,800 SPX Technologies, Inc. $SPXC