Insider Selling: CSW Industrials, Inc. (NASDAQ:CSWI) EVP Sells 1,800 Shares of Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,800 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $377.58, for a total transaction of $679,644.00. Following the transaction, the executive vice president now owns 29,004 shares in the company, valued at approximately $10,951,330.32. This trade represents a 5.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Don Sullivan also recently made the following trade(s):

• On Monday, December 16th, Don Sullivan sold 1,965 shares of CSW Industrials stock. The shares were sold at an average price of $387.15, for a total value of $760,749.75.

CSW Industrials Price Performance

NASDAQ CSWI opened at $390.21 on Friday. The business has a 50 day moving average price of $388.48 and a 200 day moving average price of $352.36. The company has a market capitalization of $6.56 billion, a P/E ratio of 53.02 and a beta of 0.85. CSW Industrials, Inc. has a 1-year low of $203.83 and a 1-year high of $436.50.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, January 31st. CSW Industrials’s dividend payout ratio is currently 13.04%.

Institutional Investors Weigh In On CSW Industrials

Several institutional investors and hedge funds have recently made changes to their positions in CSWI. State Street Corp increased its holdings in CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after acquiring an additional 255,849 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of CSW Industrials in the second quarter valued at approximately $65,595,000. Riverbridge Partners LLC purchased a new position in shares of CSW Industrials during the 4th quarter worth approximately $42,202,000. Principal Financial Group Inc. increased its stake in shares of CSW Industrials by 1,046.2% during the 3rd 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 in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in shares of CSW Industrials during the 3rd quarter worth approximately $25,589,000. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. The Goldman Sachs Group cut their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup decreased their target price on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company cut their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $404.67.

About CSW Industrials

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.