Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) Director Sells $70,930.00 in Stock

CSW Industrials, Inc. (NASDAQ:CSWI) Director Robert M. Swartz sold 200 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the sale, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

CSW Industrials Stock Up 1.9 %

CSWI opened at $358.11 on Friday. The company has a market cap of $6.02 billion, a P/E ratio of 48.66 and a beta of 0.85. The firm’s 50-day moving average price is $390.32 and its 200-day moving average price is $345.19. CSW Industrials, Inc. has a 52-week low of $200.50 and a 52-week high of $436.50.

CSW Industrials Increases Dividend

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

Institutional Investors Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in CSW Industrials by 71.7% in the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after acquiring an additional 255,849 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of CSW Industrials in the second quarter valued at about $65,595,000. Principal Financial Group Inc. raised its stake in shares of CSW Industrials by 1,046.2% in the third quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after purchasing an additional 77,576 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of CSW Industrials during the third quarter worth about $25,589,000. Finally, Franklin Resources Inc. boosted its position in CSW Industrials by 2,006.7% in the third quarter. Franklin Resources Inc. now owns 57,617 shares of the basic materials company’s stock valued at $22,702,000 after buying an additional 54,882 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.