On July 29, SPX Technologies fell 7.08% in regular trading, trading at $189.565 per share, with turnover of approximately $46.84 million.

On the news front, the company is scheduled to report second-quarter earnings after market close on July 30, with the consensus adjusted EPS estimate at $1.85. Notably, SPX Technologies will also release updated full-year guidance incorporating the impact of its recently completed acquisition of Canadian HVAC manufacturer Neptronic for approximately $429.6 million (CA$605 million), which closed on July 23. Neptronic generates annual revenue of about $75 million and will become part of SPX's HVAC segment.

Market participants appear to be pricing in uncertainty around the large-scale acquisition's integration costs and potential adjustments to full-year guidance. Prior to the acquisition, the company had guided full-year adjusted EPS of $7.75-$8.15. Multiple analysts maintain Buy ratings with price targets ranging from $235 to $280, suggesting the selloff may reflect near-term positioning ahead of the earnings window rather than a fundamental reassessment.

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