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

Raymond James Financial Inc. purchased a new stake in CSW Industrials, Inc. (NASDAQ:CSWI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 51,579 shares of the basic materials company’s stock, valued at approximately $18,197,000. Raymond James Financial Inc. owned 0.31% of CSW Industrials at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in CSW Industrials by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company’s stock valued at $653,638,000 after acquiring an additional 29,488 shares during the period. Geode Capital Management LLC boosted its holdings in CSW Industrials by 1.3% during the fourth 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 in the last quarter. Congress Asset Management Co. grew its stake in shares of 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 period. Proficio Capital Partners LLC raised its holdings 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 worth $71,320,000 after buying an additional 201,587 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of CSW Industrials by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 175,131 shares of the basic materials company’s stock worth $61,786,000 after buying an additional 6,762 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Buying and Selling

In other news, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the completion of the sale, the chief financial officer now owns 23,282 shares in the company, valued at $7,165,501.14. The trade was a 0.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Swartz sold 200 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $321.78, for a total transaction of $64,356.00. Following the sale, the director now directly owns 13,519 shares of the company’s stock, valued at approximately $4,350,143.82. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,631 shares of company stock worth $2,551,912 over the last three months. 1.40% of the stock is currently owned by company insiders.

CSW Industrials Trading Up 1.0 %

Shares of NASDAQ CSWI opened at $298.43 on Monday. CSW Industrials, Inc. has a 1-year low of $232.20 and a 1-year high of $436.50. The company has a 50-day moving average of $295.74 and a two-hundred day moving average of $349.80. The company has a market cap of $5.01 billion, a PE ratio of 35.65 and a beta of 0.88.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current year.

CSW Industrials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a $0.27 dividend. This is a boost from CSW Industrials’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, April 25th. This represents a $1.08 annualized dividend and a yield of 0.36%. CSW Industrials’s dividend payout ratio (DPR) is currently 12.90%.

Analyst Upgrades and Downgrades

CSWI has been the subject of a number of analyst reports. Citigroup cut their price objective on CSW Industrials from $364.00 to $313.00 and set a “neutral” rating for the company in a report on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company decreased their price objective on shares of CSW Industrials from $350.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Truist Financial started coverage on shares of CSW Industrials in a research note on Friday, February 14th. They issued a “hold” rating and a $362.00 target price for the company. Finally, StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.