SPXC

Over the past six months, SPX Technologies' stock price has declined by approximately 21.76%, with a 13.14% fall in the last month and 21.21% in the last three months. As of October 10, 2026, the stock was trading near its 12-month low of $166.17. Despite the stock price decline, the company reported strong Q2 results, with adjusted EPS of $2.02, beating estimates of $1.85, and revenue increasing by 22.9% year-over-year to $679 million, leading to raised full-year guidance for both revenue and adjusted EPS. Recent analyst activity includes Oppenheimer maintaining a 'Buy' rating but cutting its target price to $270 from $280, BMO cutting its target price to $250 from $280, Wolfe Research initiating coverage with an 'outperform' rating and a $250 price target, and Wall Street Zen downgrading SPX Technologies from 'buy' to 'hold'. The broader consensus remains a 'Moderate Buy' with an average price target of $248.09, while JP Morgan maintained an 'Overweight' rating but adjusted its price target from $282 to $225. In terms of acquisitions, SPX Technologies expanded its HVAC business in February 2024 by acquiring Ingenia Technologies for $300 million and announced the acquisition of FIS Water for $410 million in September 2026, expected to add approximately $105 million in 2026 revenue and complementary water-management products.