CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 36.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 97,237 shares of the basic materials company’s stock after selling 55,840 shares during the period. Janus Henderson Group PLC’s holdings in CSW Industrials were worth $34,307,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in CSW Industrials by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after purchasing an additional 29,488 shares during the last quarter. Geode Capital Management LLC increased its holdings in CSW Industrials by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company’s stock valued at $138,983,000 after purchasing an additional 4,899 shares during the last quarter. Northern Trust Corp increased its holdings in CSW Industrials by 5.6% in the 4th quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company’s stock valued at $76,789,000 after purchasing an additional 11,465 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in CSW Industrials by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company’s stock valued at $73,079,000 after purchasing an additional 661 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings in CSW Industrials by 1.2% in 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 during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 2,222 shares of CSW Industrials stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares of the company’s stock, valued at approximately $7,260,058.36. The trade was a 8.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total transaction of $44,626.65. Following the sale, the chief financial officer now directly owns 23,282 shares of the company’s stock, valued at approximately $7,165,501.14. This trade represents a 0.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,776 shares of company stock valued at $2,595,496. Insiders own 1.40% of the company’s stock.

CSW Industrials Stock Up 0.0%

Shares of CSWI stock opened at $336.43 on Thursday. CSW Industrials, Inc. has a 52 week low of $239.67 and a 52 week high of $436.50. The stock has a market capitalization of $5.65 billion, a PE ratio of 40.19 and a beta of 0.96. The firm has a 50 day moving average of $297.53 and a two-hundred day moving average of $341.86.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a dividend of $0.27 per share. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, April 25th. CSW Industrials’s payout ratio is 12.90%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Wells Fargo & Company decreased their price target on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Truist Financial began coverage on shares of CSW Industrials in a research report on Friday, February 14th. They issued a “hold” rating and a $362.00 price target for the company. Finally, Citigroup decreased their price target on shares of CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $342.50.

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.