Franklin Resources Inc. Has $2.82 Million Stake in Cactus, Inc. (NYSE:WHD)

Franklin Resources Inc. reduced its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 29.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,364 shares of the company's stock after selling 19,836 shares during the quarter. Franklin Resources Inc. owned 0.06% of Cactus worth $2,823,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WHD. Vanguard Group Inc. raised its stake in shares of Cactus by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock worth $448,247,000 after purchasing an additional 147,395 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Cactus by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock worth $185,155,000 after acquiring an additional 52,085 shares during the last quarter. State Street Corp lifted its holdings in Cactus by 3.0% during the 3rd quarter. State Street Corp now owns 2,755,757 shares of the company's stock worth $164,436,000 after purchasing an additional 81,149 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Cactus by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock valued at $104,901,000 after buying an additional 9,884 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Cactus by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company's stock worth $104,934,000 after buying an additional 106,819 shares during the period. 85.11% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms recently commented on WHD. Barclays lowered their price target on shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. Stifel Nicolaus dropped their price target on shares of Cactus from $64.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Cactus has a consensus rating of "Hold" and a consensus price target of $53.80.

Cactus Price Performance

Shares of NYSE:WHD traded down $0.73 during midday trading on Tuesday, hitting $36.36. The stock had a trading volume of 1,376,413 shares, compared to its average volume of 769,882. The company's 50-day moving average price is $48.34 and its 200-day moving average price is $57.44. Cactus, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $70.01. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.89 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. As a group, equities research analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, March 3rd. Cactus's dividend payout ratio is presently 18.84%.

Cactus Company Profile

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.