Don Sullivan Sells 1,965 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,965 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $760,749.75. Following the completion of the transaction, the executive vice president now owns 30,804 shares of the company’s stock, valued at $11,925,768.60. This represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

CSW Industrials Price Performance

CSW Industrials stock opened at $379.74 on Wednesday. The firm has a 50-day moving average of $397.24 and a 200-day moving average of $336.52. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 51.60 and a beta of 0.81. CSW Industrials, Inc. has a one year low of $199.20 and a one year 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 $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is currently 13.04%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CSWI. Anchor Investment Management LLC grew its stake in shares of CSW Industrials by 2.5% in the third quarter. Anchor Investment Management LLC now owns 1,287 shares of the basic materials company’s stock valued at $472,000 after buying an additional 32 shares in the last quarter. Hsbc Holdings PLC lifted its stake in CSW Industrials by 2.0% in the second quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 34 shares during the last quarter. Xponance Inc. increased its stake in shares of CSW Industrials by 3.7% during the 2nd quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 35 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of CSW Industrials by 105.9% during the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Finally, Morse Asset Management Inc raised its holdings in shares of CSW Industrials by 2.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,621 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

CSWI has been the subject of several research analyst reports. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. 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 began coverage on CSW Industrials in a report on Friday, December 6th. They issued a “neutral” rating and a $450.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective on CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, CSW Industrials presently has a consensus rating of “Hold” and a consensus target price 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.