MML Investors Services LLC Purchases 74 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

MML Investors Services LLC raised its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,612 shares of the basic materials company’s stock after acquiring an additional 74 shares during the period. MML Investors Services LLC’s holdings in CSW Industrials were worth $591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC acquired a new position in shares of CSW Industrials during the third quarter valued at about $916,000. Charles Schwab Investment Management Inc. grew its position in CSW Industrials by 13.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after purchasing an additional 19,659 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in CSW Industrials by 40.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after purchasing an additional 8,161 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of CSW Industrials by 8.5% in the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock worth $3,482,000 after buying an additional 744 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of CSW Industrials by 49.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock worth $3,018,000 after buying an additional 3,769 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CSWI shares. Citigroup raised CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group initiated coverage on CSW Industrials in a research note on Friday, December 6th. They issued a “neutral” rating and a $450.00 price objective for the company. Wells Fargo & Company dropped their target price on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $430.00.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 1,965 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the sale, the executive vice president now directly owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This represents a 6.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the sale, the chief executive officer now directly owns 50,698 shares in the company, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,381 shares of company stock valued at $2,496,864 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Stock Down 0.1 %

Shares of CSWI stock opened at $358.41 on Monday. The stock has a market cap of $6.03 billion, a PE ratio of 48.70 and a beta of 0.81. CSW Industrials, Inc. has a 52-week low of $200.50 and a 52-week high of $436.50. The business has a 50-day simple moving average of $396.14 and a 200-day simple moving average of $339.62.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, October 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s dividend payout ratio is currently 13.04%.

CSW Industrials Company 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.