SPX Technologies appoints Daniel Whitman as Vice President, General Counsel & Secretary, effective January 5, 2026.
Quiver AI Summary
SPX Technologies, Inc. has appointed Daniel Whitman as its new Vice President, General Counsel & Secretary, effective January 5, 2026. Whitman brings over 30 years of experience including a 20-year tenure at Parker Hannifin, where he held key legal positions and was responsible for various commercial and operational functions. His extensive background in both legal and engineering fields, alongside experience leading international legal teams, makes him a strategic addition to SPX. The company's President and CEO, Gene Lowe, emphasized that Whitman's expertise aligns well with SPX's growth and operational initiatives in the industrial technologies sector. Whitman holds a Juris Doctor degree from the University of Akron and a bachelor's degree in mechanical engineering from Purdue University. SPX Technologies, based in Charlotte, N.C., specializes in engineered products and technologies and is publicly traded on the NYSE under the ticker symbol "SPXC".
Potential Positives
- SPX Technologies appointed Daniel Whitman as Vice President, General Counsel & Secretary, bringing over 30 years of legal and engineering experience to the company.
- Whitman's previous role at Parker Hannifin included leadership in legal support for commercial and international operations, which can enhance SPX's operational capabilities.
- His appointment aligns with SPX’s growth and operational initiatives, signaling strategic leadership aimed at strengthening the company's position in the industrial technologies sector.
Potential Negatives
- Appointment of a new Vice President, General Counsel & Secretary may indicate potential instability or leadership changes within the company's executive team.
- Mr. Whitman's extensive experience comes from a competitor (Parker Hannifin), which may raise concerns regarding possible conflicts of interest or issues related to industry knowledge transfer.
- The press release does not provide information about the reasoning behind the appointment or any strategic shifts, which could lead to uncertainty among stakeholders regarding the company's direction.
FAQ
Who is the new Vice President of SPX Technologies?
Daniel Whitman has been appointed as the new Vice President, General Counsel & Secretary of SPX Technologies.
When did Daniel Whitman join SPX Technologies?
Daniel Whitman officially joined SPX Technologies on January 5, 2026.
What previous experience does Daniel Whitman have?
Mr. Whitman has a 20-year career at Parker Hannifin and experience in engineering and law.
What is SPX Technologies known for?
SPX Technologies is a supplier of engineered products in the HVAC and detection and measurement markets.
How many employees does SPX Technologies have?
SPX Technologies has approximately 4,700 employees across 16 countries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SPXC Insider Trading Activity
$SPXC insiders have traded $SPXC stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $SPXC stock by insiders over the last 6 months:
- JOHN WILLIAM III SWANN (PRES., DETECTION & MEASUREMENT) has made 0 purchases and 3 sales selling 38,755 shares for an estimated $7,986,395.
- J RANDALL DATA (PRES., HEATING AND GLOBAL OPER) has made 0 purchases and 5 sales selling 12,000 shares for an estimated $2,584,476.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SPXC Revenue
$SPXC had revenues of $592.8M in Q3 2025. This is an increase of 22.56% from the same period in the prior year.
You can track SPXC financials on Quiver Quantitative's SPXC stock page.
$SPXC Congressional Stock Trading
Members of Congress have traded $SPXC stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $SPXC stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 11/06.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$SPXC Hedge Fund Activity
We have seen 248 institutional investors add shares of $SPXC stock to their portfolio, and 150 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INVESCO LTD. added 722,039 shares (+62.4%) to their portfolio in Q3 2025, for an estimated $134,862,444
- PRICE T ROWE ASSOCIATES INC /MD/ added 571,833 shares (+109.9%) to their portfolio in Q3 2025, for an estimated $106,806,967
- MACQUARIE GROUP LTD added 519,359 shares (+152.5%) to their portfolio in Q3 2025, for an estimated $97,005,874
- SANDHILL CAPITAL PARTNERS LLC removed 284,051 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $53,055,045
- NEUBERGER BERMAN GROUP LLC removed 275,652 shares (-19.8%) from their portfolio in Q3 2025, for an estimated $51,486,280
- VANGUARD GROUP INC added 232,436 shares (+4.6%) to their portfolio in Q3 2025, for an estimated $43,414,396
- AUSTRALIANSUPER PTY LTD added 220,000 shares (+inf%) to their portfolio in Q3 2025, for an estimated $41,091,600
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SPXC Analyst Ratings
Wall Street analysts have issued reports on $SPXC in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- B. Riley Securities issued a "Buy" rating on 12/10/2025
- UBS issued a "Buy" rating on 08/01/2025
To track analyst ratings and price targets for $SPXC, check out Quiver Quantitative's $SPXC forecast page.
$SPXC Price Targets
Multiple analysts have issued price targets for $SPXC recently. We have seen 6 analysts offer price targets for $SPXC in the last 6 months, with a median target of $213.0.
Here are some recent targets:
- Jamie Cook from Truist Securities set a target price of $216.0 on 12/18/2025
- Jeff Van Sinderen from B. Riley Securities set a target price of $244.0 on 12/10/2025
- Joe Giordano from TD Cowen set a target price of $225.0 on 11/10/2025
- Joseph O'Dea from Wells Fargo set a target price of $205.0 on 10/14/2025
- Andrew Obin from B of A Securities set a target price of $202.0 on 10/08/2025
- Damian Karas from UBS set a target price of $210.0 on 08/01/2025
Full Release
CHARLOTTE, N.C., Jan. 05, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE: SPXC) (“SPX” or the “Company”) is pleased to announce the appointment of Daniel Whitman as its new Vice President, General Counsel & Secretary, effective January 5, 2026.
An accomplished and strategic leader, Mr. Whitman brings a unique perspective to this role. He joins SPX following a 20-year career at Parker Hannifin, including the last 14 years as Vice President, Law, Deputy General Counsel and Assistant Secretary, serving as the legal team’s principal deputy with responsibility for all commercial and operational support activities.
“The addition of Daniel to the SPX Technologies team strengthens our organization in a number of meaningful ways,” said SPX Technologies President and CEO Gene Lowe. “His extensive legal and executive leadership expertise is an excellent fit with SPX’s growth and operational initiatives. He has a strong track record in the industrial technologies space and will help as we drive forward in this sector.”
Mr. Whitman has over 30 years of experience and has made significant contributions in both engineering and legal aspects of business. While at Parker Hannifin, Mr. Whitman quickly progressed through roles of increasing responsibility, culminating in leadership of legal support for Parker Hannifin’s commercial, intellectual property, and international operations.
His career at Parker Hannifin also included spending a multi-year expatriate assignment in Switzerland, leading Parker Hannifin’s Europe, Middle East and Africa legal team. His time in the legal field began as an intellectual property attorney with the law firm of Tarolli Sundheim Covell & Tummino, where he worked his way up to Partner. Prior to his career in law, he spent time in various engineering roles at Ingersoll-Rand and Air Technologies.
Mr. Whitman earned his Juris Doctor, magna cum laude , from the University of Akron School of Law and his bachelor’s degree in mechanical engineering from Purdue University. He currently is registered to practice law in both the State of Ohio and before the United States Patent & Trademark Office.
About SPX Technologies, Inc: SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX has approximately 4,700 employees in 16 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com .
Investor Contacts:
Mark A. Carano, Vice President, Chief Financial Officer and Treasurer
Phone: 980.474.3806
Email:
[email protected]
Media Contacts:
Mattew Harris, Sr. Manager, Communications & Employee Experience
Phone: 980.286.7074
Email:
[email protected]
