CSW Industrials, Inc. (NASDAQ:CSWI) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 1,046.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,991 shares of the basic materials company's stock after purchasing an additional 77,576 shares during the quarter. Principal Financial Group Inc. owned 0.55% of CSW Industrials worth $31,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. V Square Quantitative Management LLC bought a new position in CSW Industrials in the third quarter worth about $30,000. Contravisory Investment Management Inc. raised its holdings in CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company's stock worth $31,000 after purchasing an additional 38 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company's stock worth $76,000 after purchasing an additional 173 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in CSW Industrials by 2,518.2% in the third quarter. Blue Trust Inc. now owns 288 shares of the basic materials company's stock worth $106,000 after purchasing an additional 277 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total value of $393,340.00. Following the completion of the transaction, the chief executive officer now directly owns 51,698 shares of the company's stock, valued at approximately $20,334,891.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of CSW Industrials from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th.

CSW Industrials Stock Performance

NASDAQ CSWI traded down $5.94 during trading hours on Tuesday, reaching $417.06. The stock had a trading volume of 47,384 shares, compared to its average volume of 128,830. The stock has a fifty day moving average of $364.05 and a 200 day moving average of $307.72. The stock has a market cap of $7.01 billion, a P/E ratio of 56.96, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. CSW Industrials, Inc. has a 52-week low of $167.77 and a 52-week high of $427.81.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a $0.24 dividend. The ex-dividend date was Friday, October 25th. This represents a $0.96 dividend on an annualized basis and a yield of 0.23%. This is a positive change from CSW Industrials's previous quarterly dividend of $0.21. CSW Industrials's dividend payout ratio is currently 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.