Shell Asset Management Co. Sells 321 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Shell Asset Management Co. reduced its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI – Get Rating) by 16.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,659 shares of the basic materials company’s stock after selling 321 shares during the period. Shell Asset Management Co.’s holdings in CSW Industrials were worth $192,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Point72 Hong Kong Ltd purchased a new position in shares of CSW Industrials in the second quarter valued at about $34,000. My Personal CFO LLC bought a new stake in shares of CSW Industrials during the fourth quarter valued at approximately $46,000. Lazard Asset Management LLC bought a new stake in shares of CSW Industrials during the third quarter valued at approximately $52,000. Rockefeller Capital Management L.P. increased its position in shares of CSW Industrials by 278.5% during the third quarter. Rockefeller Capital Management L.P. now owns 511 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 376 shares in the last quarter. Finally, Ensign Peak Advisors Inc bought a new stake in shares of CSW Industrials during the third quarter valued at approximately $89,000. 79.10% of the stock is owned by institutional investors.

CSW Industrials Stock Up 1.5 %

Shares of CSWI stock opened at $136.12 on Thursday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 24.18 and a beta of 0.79. CSW Industrials, Inc. has a one year low of $96.03 and a one year high of $148.91. The company’s fifty day moving average price is $136.92 and its 200-day moving average price is $129.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.95 and a quick ratio of 1.32.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Friday, April 28th will be issued a $0.19 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, April 27th. CSW Industrials’s payout ratio is currently 13.50%.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $140.74, for a total transaction of $140,740.00. Following the completion of the transaction, the chief executive officer now directly owns 66,584 shares of the company’s stock, valued at approximately $9,371,032.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $413,410 in the last three months. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of CSW Industrials in a research note on Thursday, March 16th. They set a “buy” rating on the stock.

About CSW Industrials

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CSW Industrials, Inc provides performance solutions to customers. It operates through the following segments: Industrial Products and Specialty Chemicals. The Industrial products segment manufactures specialty mechanical products, fire and smoke protection products, architecturally-specified building products, and storage, filtration and application equipment.