Northwestern Mutual Wealth Management Co. Grows Stock Holdings in DXP Enterprises, Inc. $DXPE

Northwestern Mutual Wealth Management Co. grew its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 12,369,100.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 371,076 shares of the industrial products company’s stock after acquiring an additional 371,073 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DXP Enterprises were worth $40,785,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. CANADA LIFE ASSURANCE Co boosted its holdings in shares of DXP Enterprises by 0.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 10,857 shares of the industrial products company’s stock valued at $950,000 after acquiring an additional 100 shares during the last quarter. Private Advisor Group LLC boosted its holdings in DXP Enterprises by 1.2% during the third quarter. Private Advisor Group LLC now owns 10,247 shares of the industrial products company’s stock worth $1,220,000 after buying an additional 122 shares in the last quarter. Amalgamated Bank boosted its holdings in DXP Enterprises by 3.5% during the third quarter. Amalgamated Bank now owns 3,749 shares of the industrial products company’s stock worth $446,000 after buying an additional 128 shares in the last quarter. Federated Hermes Inc. boosted its holdings in DXP Enterprises by 1.4% during the third quarter. Federated Hermes Inc. now owns 12,726 shares of the industrial products company’s stock worth $1,515,000 after buying an additional 179 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in DXP Enterprises by 2.0% during the third quarter. Franklin Resources Inc. now owns 9,228 shares of the industrial products company’s stock worth $1,099,000 after buying an additional 185 shares in the last quarter. 74.82% of the stock is owned by hedge funds and other institutional investors.

DXP Enterprises Stock Performance

Shares of NASDAQ DXPE opened at $145.88 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.56 and a current ratio of 2.98. The company’s fifty day moving average price is $148.41 and its 200 day moving average price is $129.00. The company has a market capitalization of $2.26 billion, a PE ratio of 27.27 and a beta of 1.07. DXP Enterprises, Inc. has a 1 year low of $75.58 and a 1 year high of $183.91.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.12). The company had revenue of $521.66 million for the quarter, compared to analyst estimates of $531.00 million. DXP Enterprises had a return on equity of 18.16% and a net margin of 4.27%. On average, research analysts predict that DXP Enterprises, Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Saturday. Loop Capital set a $154.00 price target on shares of DXP Enterprises in a report on Monday, March 2nd. Zacks Research downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Freedom Capital downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Insiders Place Their Bets

In other DXP Enterprises news, Director Joseph R. Mannes sold 1,500 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $137.95, for a total transaction of $206,925.00. Following the completion of the transaction, the director directly owned 13,964 shares in the company, valued at approximately $1,926,333.80. This represents a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.40% of the company’s stock.

DXP Enterprises Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.