Schwartz Investment Counsel Inc. Acquires Shares of 26,000 CSW Industrials, Inc. $CSW

Schwartz Investment Counsel Inc. bought a new stake in shares of CSW Industrials, Inc. (NYSE:CSWFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,000 shares of the basic materials company’s stock, valued at approximately $7,632,000. Schwartz Investment Counsel Inc. owned approximately 0.16% of CSW Industrials at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Danske Bank A S purchased a new position in CSW Industrials during the 4th quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of CSW Industrials during the fourth quarter valued at approximately $31,000. CWM LLC bought a new position in shares of CSW Industrials during the fourth quarter valued at approximately $32,000. Salomon & Ludwin LLC purchased a new position in shares of CSW Industrials during the fourth quarter valued at approximately $36,000. Finally, GAMMA Investing LLC bought a new stake in shares of CSW Industrials in the 4th quarter worth approximately $50,000. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Trading Down 4.3%

CSW Industrials stock opened at $262.23 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $338.90. The stock has a market capitalization of $4.32 billion, a PE ratio of 34.78 and a beta of 0.88. The business’s fifty day moving average is $275.09 and its 200 day moving average is $284.07.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a $0.30 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. CSW Industrials’s payout ratio is presently 15.92%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSW. Robert W. Baird initiated coverage on CSW Industrials in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Wells Fargo & Company reduced their price target on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Truist Financial upped their price target on shares of CSW Industrials from $292.00 to $301.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. Finally, Citigroup reduced their price objective on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $328.43.

View Our Latest Stock Report on CSW

Insider Transactions at CSW Industrials

In related news, EVP Don Sullivan sold 166 shares of CSW Industrials stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total value of $49,843.16. Following the completion of the sale, the executive vice president owned 21,567 shares of the company’s stock, valued at $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Darron K. Ash bought 300 shares of the stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $256.62 per share, for a total transaction of $76,986.00. Following the acquisition, the director owned 1,155 shares of the company’s stock, valued at $296,396.10. This trade represents a 35.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 3,680 shares of company stock valued at $1,039,568 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

About CSW Industrials

(Free Report)

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.

Further Reading

Institutional Ownership by Quarter for CSW Industrials (NYSE:CSW)

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