JPMorgan Chase & Co. Sells 4,551 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

JPMorgan Chase & Co. trimmed its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,969 shares of the basic materials company's stock after selling 4,551 shares during the period. JPMorgan Chase & Co. owned approximately 0.37% of CSW Industrials worth $23,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake 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 buying an additional 255,849 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company's stock valued at $211,420,000 after acquiring an additional 9,781 shares during the period. Geode Capital Management LLC boosted its position in CSW Industrials by 7.4% in the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company's stock worth $142,536,000 after purchasing an additional 26,728 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of CSW Industrials during the 2nd quarter valued at about $65,595,000. Finally, Congress Asset Management Co. increased its position in shares of CSW Industrials by 3.8% during the 3rd quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company's stock valued at $74,616,000 after purchasing an additional 7,405 shares during the last quarter. Institutional investors own 82.79% of the company's stock.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the completion of the transaction, the chief executive officer now owns 50,698 shares of the company's stock, valued at $20,522,043.42. This represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total value of $70,930.00. Following the transaction, the director now owns 13,719 shares of the company's stock, valued at approximately $4,865,443.35. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,581 shares of company stock valued at $2,567,794. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CSWI. The Goldman Sachs Group assumed coverage on shares of CSW Industrials in a research report on Friday, December 6th. They set a "neutral" rating and a $450.00 target price for the company. Wells Fargo & Company decreased their target price on CSW Industrials from $425.00 to $410.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 17th. StockNews.com upgraded CSW Industrials from a "hold" rating to a "buy" rating in a research report on Friday, December 6th. Finally, Citigroup raised CSW Industrials to a "hold" rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, CSW Industrials currently has an average rating of "Hold" and a consensus target price of $430.00.

CSW Industrials Stock Up 1.0 %

CSWI stock traded up $3.57 during trading on Thursday, reaching $360.84. The company's stock had a trading volume of 92,536 shares, compared to its average volume of 72,947. The company's fifty day moving average is $390.03 and its 200-day moving average is $347.66. The company has a market capitalization of $6.07 billion, a P/E ratio of 49.03 and a beta of 0.85. CSW Industrials, Inc. has a 1 year low of $201.13 and a 1 year high of $436.50.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, October 25th. This is an increase from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio (DPR) is 13.04%.

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.