Pitcairn Co. Lowers Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Pitcairn Co. cut its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 16.8% during the third quarter, Holdings Channel reports. The firm owned 2,428 shares of the basic materials company’s stock after selling 492 shares during the quarter. Pitcairn Co.’s holdings in CSW Industrials were worth $890,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of CSW Industrials by 39.1% during the 1st quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after acquiring an additional 340,904 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of CSW Industrials during the 2nd quarter worth approximately $65,595,000. Principal Financial Group Inc. raised its holdings 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 acquiring an additional 77,576 shares in the last quarter. Natixis Advisors LLC purchased a new stake in shares of CSW Industrials during the 2nd quarter worth approximately $12,424,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of CSW Industrials by 162.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 55,626 shares of the basic materials company’s stock worth $20,381,000 after acquiring an additional 34,427 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on CSWI shares. Citigroup raised CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

CSW Industrials Stock Performance

NASDAQ CSWI opened at $426.66 on Monday. The company has a market cap of $7.18 billion, a P/E ratio of 57.97, a P/E/G ratio of 3.33 and a beta of 0.78. The business’s 50 day moving average price is $382.05 and its 200-day moving average price is $318.05. CSW Industrials, Inc. has a fifty-two week low of $172.97 and a fifty-two week high of $428.46.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a dividend of $0.24 per share. The ex-dividend date was Friday, October 25th. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s payout ratio is currently 13.04%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $404.79, for a total transaction of $404,790.00. Following the transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at approximately $20,522,043.42. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 3,000 shares of company stock valued at $1,139,500. 1.40% of the stock is currently owned by insiders.

CSW Industrials 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.