De Lisle Partners LLP Increases Stock Holdings in DXP Enterprises, Inc. $DXPE

De Lisle Partners LLP increased its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 10.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,154 shares of the industrial products company’s stock after buying an additional 2,500 shares during the quarter. De Lisle Partners LLP owned 0.17% of DXP Enterprises worth $2,290,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in DXP Enterprises by 18.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,856 shares of the industrial products company’s stock worth $399,000 after acquiring an additional 743 shares during the last quarter. Federated Hermes Inc. boosted its holdings in DXP Enterprises by 11.3% during the first quarter. Federated Hermes Inc. now owns 12,486 shares of the industrial products company’s stock worth $1,027,000 after purchasing an additional 1,266 shares during the last quarter. Rezny Wealth Management Inc. bought a new stake in DXP Enterprises in the 1st quarter worth about $1,447,000. Townsquare Capital LLC purchased a new stake in DXP Enterprises in the 1st quarter valued at about $828,000. Finally, Invesco Ltd. lifted its position in shares of DXP Enterprises by 22.6% during the 1st quarter. Invesco Ltd. now owns 280,430 shares of the industrial products company’s stock worth $23,068,000 after buying an additional 51,664 shares in the last quarter. 74.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DXPE has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DXP Enterprises in a report on Wednesday, October 8th. Wall Street Zen cut DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Singular Research upgraded DXP Enterprises to a “moderate buy” rating in a research note on Tuesday, September 9th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $95.00.

Insider Activity

In other DXP Enterprises news, insider Christopher T. Gregory sold 4,477 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $119.76, for a total transaction of $536,165.52. Following the completion of the transaction, the insider owned 19,959 shares in the company, valued at $2,390,289.84. This trade represents a 18.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Nicholas Little sold 20,440 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $118.53, for a total transaction of $2,422,753.20. Following the completion of the sale, the chief operating officer directly owned 791,888 shares in the company, valued at approximately $93,862,484.64. This trade represents a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 22.70% of the stock is owned by corporate insiders.

DXP Enterprises Price Performance

Shares of NASDAQ DXPE opened at $93.96 on Friday. The company has a current ratio of 2.79, a quick ratio of 2.33 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $110.99 and a two-hundred day simple moving average of $104.33. DXP Enterprises, Inc. has a 1-year low of $67.68 and a 1-year high of $130.97. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 17.93 and a beta of 1.15.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.11). The firm had revenue of $513.72 million for the quarter, compared to analysts’ expectations of $499.00 million. DXP Enterprises had a net margin of 4.52% and a return on equity of 20.94%. Analysts anticipate that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

DXP Enterprises Company Profile

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).