SPX Technologies (NYSE:SPXC) Given New $190.00 Price Target at JPMorgan Chase & Co.

Posted by Brian Himes on Nov 12th, 2026

SPX Technologies (NYSE:SPXC – Free Report) had its price target trimmed by JPMorgan Chase & Co. from $225.00 to $190.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on the stock. Wolfe Research initiated coverage on shares of SPX Technologies in a research report on Tuesday, September 15th. They set an “outperform” rating and a $250.00 target price for the company. Truist Financial reaffirmed a “buy” rating and issued a $233.00 price target (down from $266.00) on shares of SPX Technologies in a report on Monday, November 2nd. Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a report on Sunday. Oppenheimer decreased their target price on SPX Technologies from $265.00 to $260.00 and set an “outperform” rating for the company in a research report on Monday, November 2nd. Finally, Robert W. Baird initiated coverage on SPX Technologies in a research note on Monday, October 5th. They issued an “outperform” rating and a $220.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.40.

Read Our Latest Stock Report on SPX Technologies

SPX Technologies Stock Up 2.4%

SPXC stock opened at $153.71 on Wednesday. The stock has a market cap of $7.70 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.99 and a beta of 1.26. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $170.73 and its two-hundred day simple moving average is $204.99. SPX Technologies has a 1-year low of $137.86 and a 1-year high of $251.08.

SPX Technologies (NYSE:SPXC – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.09. The firm had revenue of $714.50 million during the quarter, compared to analyst estimates of $710.38 million. SPX Technologies had a return on equity of 16.96% and a net margin of 11.48%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same period last year, the firm posted $1.84 EPS. Analysts expect that SPX Technologies will post 8.39 EPS for the current year.

Insider Buying and Selling

In related news, Director Brian A. Deck bought 3,000 shares of SPX Technologies stock in a transaction on Tuesday, November 3rd. The stock was acquired at an average price of $164.34 per share, with a total value of $493,020.00. Following the acquisition, the director directly owned 3,742 shares of the company’s stock, valued at $614,960.28. This represents a 404.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SPX Technologies

A number of institutional investors and hedge funds have recently modified their holdings of SPXC. Hsbc Holdings PLC increased its holdings in shares of SPX Technologies by 181.2% in the second quarter. Hsbc Holdings PLC now owns 9,106 shares of the company’s stock worth $2,222,000 after purchasing an additional 5,868 shares during the period. Amundi raised its position in shares of SPX Technologies by 31.2% in the second quarter. Amundi now owns 324,732 shares of the company’s stock worth $79,645,000 after buying an additional 77,148 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of SPX Technologies in the first quarter worth $1,000,000. Squarepoint Ops LLC bought a new stake in SPX Technologies during the second quarter valued at $14,194,000. Finally, Bank of America Corp DE bought a new stake in SPX Technologies during the second quarter valued at $86,545,000. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Company Profile

(Get Free Report)

SPX Technologies, Inc. is a global supplier of engineered products and technologies, serving customers in markets that include commercial and residential buildings, infrastructure, and industrial applications. The company operates through its HVAC and Detection and Measurement businesses. Its HVAC products include cooling towers, boilers, heating equipment, ventilation and air treatment systems, and related components. Its Detection and Measurement business provides technologies used to locate and inspect underground utilities, as well as communication and measurement products for specialized applications.