Raymond James Financial Inc. Makes New $18.20 Million Investment in CSW Industrials, Inc. (NASDAQ:CSWI)

Raymond James Financial Inc. bought a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 51,579 shares of the basic materials company's stock, valued at approximately $18,197,000. Raymond James Financial Inc. owned approximately 0.31% of CSW Industrials at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock worth $224,486,000 after buying an additional 255,849 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CSW Industrials by 7.4% during the 3rd 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. Congress Asset Management Co. raised its holdings in shares of CSW Industrials by 1.2% during the 4th quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after purchasing an additional 2,544 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of CSW Industrials by 35,553.3% in the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company's stock valued at $71,320,000 after purchasing an additional 201,587 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CSW Industrials by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company's stock worth $61,786,000 after purchasing an additional 6,762 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.

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CSW Industrials Trading Up 0.0 %

CSWI stock traded up $0.13 during trading on Friday, reaching $292.79. 448,849 shares of the stock were exchanged, compared to its average volume of 124,084. The stock has a 50 day simple moving average of $326.35 and a 200-day simple moving average of $358.36. The company has a market capitalization of $4.91 billion, a P/E ratio of 34.98 and a beta of 0.80. CSW Industrials, Inc. has a twelve month low of $225.83 and a twelve month high of $436.50.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Equities analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

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

Analyst Ratings Changes

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

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $289.97, for a total transaction of $289,970.00. Following the completion of the sale, the chief executive officer now owns 46,848 shares in the company, valued at $13,584,514.56. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $354.65, for a total transaction of $70,930.00. Following the completion of the transaction, the director now owns 13,719 shares in the company, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,389 shares of company stock valued at $3,104,831. Corporate insiders own 1.40% of the company's stock.

CSW Industrials Company 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.