SPX Technologies (SPXC)
Builds HVAC systems, utility inspection tools, navigation aids, and defense communications equipment.
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Builds cooling, air-handling, heating, utility inspection, transit, navigation, and defense communications equipment through its HVAC and Detection and Measurement segments. HVAC generates most revenue, while acquisitions broaden a niche-brand portfolio serving commercial, industrial, infrastructure, and government customers.
Builds specialized infrastructure equipment through two reportable segments. HVAC covers cooling towers and fluid coolers, engineered air movement, custom air handling, boilers, heat pumps, and electric heating for industrial, institutional, commercial, and residential sites. Detection and Measurement supplies underground utility locators, pipe inspection and rehabilitation systems, robotics, transit fare collection, navigation aids, and defense communication technologies.
Serves customers globally, with most sales generated in the United States and operations spanning 16 countries. Competes through service, product performance, technical innovation, and price, while expanding adjacent niches through acquisitions. Results depend on integrating acquired businesses, managing steel, aluminum, and copper input costs, and executing fixed-price and U.S. government contracts.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Wells Fargo | Reiterate | Rating: —Target: $205 | Target: $250 |
| Jul 20, 2026 | Oppenheimer | Reiterate | Rating: —Target: $134 | Target: $280 |
| Jul 9, 2026 | Wolfe Research | Reiterate | Rating: —Target: — | Target: $266 |
| Jul 2, 2026 | Truist Financial | Target | Target: $261 | Target: $295 |
| May 4, 2026 | Truist Financial | Target | Target: $251 | Target: $261 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 27, 2026Cash & short-term investments $166.4M · Total debt $614.7M · Total assets $3.94B · Shareholders' equity $2.35B
- Revenue
- $679.0M
- Operating income
- $116.6M
- Net income
- $78.4M
No dividends on record.
| Institutions | ≈ 94.11% | 47.13M shares | |
|---|---|---|---|
| 526 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.48% | 1.24M shares | |
| 19 holders · as of Sep 8, 2026 | |||
| Other | ≈ 3.41% | 1.71M shares | |
| remainder | |||
50.09M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.69% | 4.85M | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 5.12% | 2.57M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 4.67% | 2.34M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.52% | 2.27M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.51% | 2.26M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 2, 2026 | Eugene Joseph III Lowe | director, officer: PRESIDENT AND CEO | −41,416 | $225.17 |
| Dec 11, 2025 | J. Randall Data | officer: PRES., HEATING AND GLOBAL OPER | −12,000 | $215.37 |
| Nov 19, 2025 | John William III Swann | officer: PRES., DETECTION & MEASUREMENT | −38,755 | $206.07 |
- AAON
Direct rival in semi-custom commercial HVAC and data-center liquid cooling.
- Modine
Direct rival in data-center thermal management and commercial HVAC&R.
- Watts Water Technologies
Hydronic, boiler and water-quality overlap; named in the 2025 proxy peer group.
- Mueller Water Products
Echologics leak detection contests CUES and Radiodetection on water utilities.
- Lennox International
Building Climate Solutions rooftops, IAQ and refrigeration overlap HVAC.
- Roper Technologies
Neptune water-metering and niche-measurement overlap; same bolt-on M&A playbook.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SPX Technologies | $173.49 | −4.25% | $9.07B | 32.6 | 18.9 | 3.7 | +22.9% |
| AAON | $78.92 | +3.30% | $6.26B | 40.0 | 28.8 | 3.2 | +101.2% |
| Modine | $196.24 | −0.70% | $10.50B | 74.3 | 24.1 | 3.1 | +28.0% |
| Watts Water Technologies | $354.30 | +1.05% | $11.71B | 30.6 | 26.6 | 4.4 | +18.6% |
| Mueller Water Products | $22.15 | +1.07% | $3.43B | 15.5 | 14.3 | 2.3 | +4.1% |
| Lennox International | $367.18 | +0.97% | $12.57B | 16.5 | 14.9 | 2.4 | +3.0% |
| Roper Technologies | $363.65 | −0.48% | $36.88B | 15.2 | 15.5 | 4.5 | +8.5% |
| Median | 23.5 | 19.8 | 3.2 | +13.5% |