Bank of New York Mellon Corp Reduces Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Bank of New York Mellon Corp lowered its stake in CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,621 shares of the basic materials company's stock after selling 4,392 shares during the period. Bank of New York Mellon Corp owned approximately 0.72% of CSW Industrials worth $42,555,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Bank of Canada FI acquired a new stake in CSW Industrials in the third quarter valued at about $28,000. IFP Advisors Inc lifted its holdings in shares of CSW Industrials by 510.5% in the 4th quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock valued at $42,000 after buying an additional 97 shares during the period. GAMMA Investing LLC boosted its stake in shares of CSW Industrials by 94.3% in the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company's stock valued at $48,000 after buying an additional 66 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of CSW Industrials in the third quarter valued at approximately $72,000. Finally, Nisa Investment Advisors LLC grew its holdings in CSW Industrials by 508.8% during the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after acquiring an additional 173 shares during the period. Hedge funds and other institutional investors own 82.79% of the company's stock.

Insider Activity at CSW Industrials

In other CSW Industrials news, CFO James E. Perry sold 145 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the transaction, the chief financial officer now owns 23,282 shares of the company's stock, valued at $7,165,501.14. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was 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 in the company, valued at approximately $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,448 shares of company stock valued at $3,543,172 over the last quarter. Insiders own 1.40% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com lowered shares of CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company dropped their target price on shares of CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Truist Financial began coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 price target for the company. Finally, Citigroup lowered their price target on CSW Industrials from $466.00 to $404.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $379.00.

CSW Industrials Stock Performance

NASDAQ:CSWI traded down $8.97 during mid-day trading on Monday, hitting $292.48. 124,265 shares of the company's stock traded hands, compared to its average volume of 122,356. The company has a market cap of $4.91 billion, a PE ratio of 34.94 and a beta of 0.80. The firm's 50 day simple moving average is $338.13 and its 200 day simple moving average is $361.06. CSW Industrials, Inc. has a 1 year low of $221.10 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. On average, research analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.33%. CSW Industrials's dividend payout ratio is currently 11.47%.

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.