CSW Industrials, Inc. (NASDAQ:CSWI) Shares Purchased by State Street Corp

State Street Corp lifted its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 71.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 612,696 shares of the basic materials company's stock after purchasing an additional 255,849 shares during the quarter. State Street Corp owned 3.64% of CSW Industrials worth $224,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of CSW Industrials during the second quarter worth about $65,595,000. Principal Financial Group Inc. raised its stake in 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 buying an additional 77,576 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of CSW Industrials in the 3rd quarter valued at approximately $25,589,000. Natixis Advisors LLC purchased a new stake in shares of CSW Industrials in the 2nd quarter worth about $12,424,000. Finally, Public Sector Pension Investment Board purchased a new stake in CSW Industrials in the third quarter worth about $12,934,000. 82.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the sale, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. The trade was a 1.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 3,000 shares of company stock valued at $1,139,500. Company insiders own 1.40% of the company's stock.

CSW Industrials Trading Down 0.5 %

CSWI traded down $1.89 on Thursday, reaching $398.45. The stock had a trading volume of 28,455 shares, compared to its average volume of 125,258. The business's 50-day moving average price is $396.05 and its two-hundred day moving average price is $333.20. CSW Industrials, Inc. has a 12-month low of $191.08 and a 12-month high of $436.50. The company has a market cap of $6.70 billion, a P/E ratio of 54.39 and a beta of 0.81.

CSW Industrials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were issued a $0.24 dividend. This is a positive change from CSW Industrials's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials's payout ratio is 13.04%.

Wall Street Analyst Weigh In

CSWI has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on shares of CSW Industrials in a research note on Monday, November 25th. They issued an "equal weight" rating and a $425.00 target price on the stock. The Goldman Sachs Group initiated coverage on CSW Industrials in a report on Friday, December 6th. They issued a "neutral" rating and a $450.00 price objective for the company. StockNews.com raised CSW Industrials from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Finally, Citigroup upgraded shares of CSW Industrials to a "hold" rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, CSW Industrials presently has an average rating of "Hold" and a consensus price target of $437.50.

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.