Farther Finance Advisors LLC Buys 46 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Farther Finance Advisors LLC grew its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 16.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 328 shares of the basic materials company’s stock after buying an additional 46 shares during the quarter. Farther Finance Advisors LLC’s holdings in CSW Industrials were worth $120,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its position in CSW Industrials by 15.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,524 shares of the basic materials company’s stock worth $358,000 after purchasing an additional 203 shares during the period. SG Americas Securities LLC purchased a new stake in CSW Industrials in the first quarter valued at about $148,000. Sei Investments Co. raised its stake in CSW Industrials by 8.6% in the first quarter. Sei Investments Co. now owns 52,249 shares of the basic materials company’s stock valued at $12,257,000 after buying an additional 4,126 shares during the last quarter. Russell Investments Group Ltd. raised its stake in CSW Industrials by 20,750.0% in the first quarter. Russell Investments Group Ltd. now owns 834 shares of the basic materials company’s stock valued at $196,000 after buying an additional 830 shares during the last quarter. Finally, US Bancorp DE raised its stake in CSW Industrials by 8.0% in the first quarter. US Bancorp DE now owns 2,330 shares of the basic materials company’s stock valued at $547,000 after buying an additional 172 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Stock Up 0.7 %

Shares of NASDAQ:CSWI opened at $423.00 on Tuesday. CSW Industrials, Inc. has a 52-week low of $167.77 and a 52-week high of $425.14. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 57.58, a PEG ratio of 3.37 and a beta of 0.78. The business has a 50-day moving average price of $362.34 and a 200-day moving average price of $306.42.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insider Transactions at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now directly owns 51,698 shares in the company, valued at $20,334,891.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th.

CSW Industrials Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.