Peregrine Capital Management LLC Has $18.16 Million Holdings in SPX Technologies, Inc. $SPXC

Posted by George Bondi on Jul 1st, 2026

Peregrine Capital Management LLC decreased its holdings in SPX Technologies, Inc. (NYSE:SPXC – Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,805 shares of the company’s stock after selling 4,876 shares during the quarter. SPX Technologies accounts for approximately 0.7% of Peregrine Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. Peregrine Capital Management LLC’s holdings in SPX Technologies were worth $18,156,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of SPX Technologies by 46.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 74,224 shares of the company’s stock valued at $14,854,000 after purchasing an additional 23,439 shares in the last quarter. Interval Partners LP bought a new stake in SPX Technologies during the third quarter worth $7,452,000. Goelzer Investment Management Inc. bought a new stake in SPX Technologies during the fourth quarter worth $720,000. Moore Capital Management LP purchased a new stake in SPX Technologies in the 3rd quarter valued at $12,683,000. Finally, Cadent Capital Advisors LLC purchased a new stake in SPX Technologies in the 4th quarter valued at $1,049,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Ratings Changes

SPXC has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of SPX Technologies from $251.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wells Fargo & Company increased their target price on shares of SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. increased their target price on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of SPX Technologies in a report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $249.44.

Read Our Latest Stock Analysis on SPX Technologies

SPX Technologies Stock Performance

Shares of SPX Technologies stock opened at $245.33 on Wednesday. The business’s fifty day simple moving average is $221.42 and its 200 day simple moving average is $216.35. The firm has a market capitalization of $12.28 billion, a P/E ratio of 48.01, a price-to-earnings-growth ratio of 1.75 and a beta of 1.28. SPX Technologies, Inc. has a 12 month low of $165.33 and a 12 month high of $251.08. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

SPX Technologies (NYSE:SPXC – Get Free Report) last announced its quarterly earnings data 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. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The firm had revenue of $566.80 million during the quarter, compared to the consensus estimate of $557.62 million. During the same quarter in the prior year, the company earned $1.38 EPS. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, analysts anticipate that SPX Technologies, Inc. will post 7.98 EPS for the current year.

About SPX Technologies

(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 & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.