 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
SPX Corporation (SPXC) supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally.
It operates in three segments: HVAC, Detection and Measurement, and Engineered Solutions.
The HVAC segment engineers, designs, manufactures, installs, and services cooling products for the HVAC and industrial markets, as well as boilers, comfort heating, and ventilation products in the residential and commercial markets.
The Detection and Measurement segment offers underground pipe and cable locators, and inspection and rehabilitation equipment, as well as bus fare collection systems, communication technologies, and specialty lighting products.
The Engineered Solutions segment provides transformers for the power transmission and distribution markets; and process cooling equipment for the industrial and power generation markets. This segment sells transformers for publicly and privately held utilities under the Waukesha brand name; and process cooling products under the SPX Cooling and Marley brand names.
The company also offers heat exchangers for the industrial and power generation markets. SPX Corporation markets its products through various distribution channels, such as direct to customers, independent manufacturing representatives, third-party distributors, and retailers.
The company is scheduled to report its quarterly results on February 13th. Ahead of that, shares are on the cusp of breaking out of their bullish "cup and handle." Higher share prices are expected.
Entry Point: $52.50
Trading Range: $28.15 to $52.89
Stop Loss: $49.75
Target Price: $57.75
Closed at $28
