Handelsbanken Fonder AB Purchases Shares of 4,869 CSW Industrials, Inc. $CSW

Handelsbanken Fonder AB purchased a new stake in shares of CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 4,869 shares of the basic materials company’s stock, valued at approximately $1,429,000.

A number of other institutional investors have also recently added to or reduced their stakes in CSW. Danske Bank A S purchased a new stake in CSW Industrials during the fourth quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CSW Industrials during the fourth quarter valued at about $31,000. CWM LLC purchased a new stake in CSW Industrials during the fourth quarter valued at about $32,000. Salomon & Ludwin LLC purchased a new stake in CSW Industrials during the fourth quarter valued at about $36,000. Finally, GAMMA Investing LLC purchased a new stake in CSW Industrials during the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

CSW has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of CSW Industrials in a research report on Wednesday, April 29th. Citigroup lowered their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Robert W. Baird initiated coverage on CSW Industrials in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 target price for the company. Truist Financial upped their target price on CSW Industrials from $292.00 to $301.00 and gave the stock a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research raised CSW Industrials from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, CSW Industrials currently has a consensus rating of “Moderate Buy” and an average price target of $328.43.

Insider Buying and Selling

In other CSW Industrials news, Director Darron K. Ash purchased 300 shares of CSW Industrials stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $256.62 per share, with a total value of $76,986.00. Following the completion of the acquisition, the director owned 1,155 shares of the company’s stock, valued at approximately $296,396.10. This trade represents a 35.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke Alverson sold 1,007 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the transaction, the senior vice president directly owned 12,450 shares of the company’s stock, valued at $3,605,146.50. This represents a 7.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,680 shares of company stock worth $1,039,568 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

CSW Industrials Price Performance

Shares of NYSE CSW opened at $277.83 on Tuesday. CSW Industrials, Inc. has a 1-year low of $230.45 and a 1-year high of $337.02. The business has a 50-day moving average of $273.73 and a 200-day moving average of $285.29. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 36.85 and a beta of 0.88.

CSW Industrials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is currently 15.92%.

CSW Industrials Company Profile

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.