Robert M. Swartz Sells 200 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the transaction, the director now owns 13,719 shares in the company, valued at $4,865,443.35. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $351.52 on Friday. CSW Industrials, Inc. has a one year low of $200.50 and a one year high of $436.50. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 47.76 and a beta of 0.81. The company has a 50-day simple moving average of $390.50 and a 200-day simple moving average of $344.55.

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 dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.27%. 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%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CSWI. Bank of New York Mellon Corp lifted its holdings in shares of CSW Industrials by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 77,995 shares of the basic materials company’s stock worth $20,693,000 after purchasing an additional 6,137 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of CSW Industrials by 13.9% in the second quarter. Principal Financial Group Inc. now owns 7,415 shares of the basic materials company’s stock valued at $1,967,000 after acquiring an additional 907 shares in the last quarter. Natixis Advisors LLC acquired a new position in shares of CSW Industrials during the second quarter worth about $12,424,000. Rhumbline Advisers raised its holdings in CSW Industrials by 4.5% during the second quarter. Rhumbline Advisers now owns 22,918 shares of the basic materials company’s stock worth $6,080,000 after purchasing an additional 992 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in CSW Industrials by 1.8% in the second quarter. Arizona State Retirement System now owns 4,349 shares of the basic materials company’s stock valued at $1,154,000 after purchasing an additional 75 shares during the period. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

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.