47,485 Shares in CSW Industrials, Inc. $CSW Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. bought a new stake in CSW Industrials, Inc. (NYSE:CSW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,485 shares of the basic materials company’s stock, valued at approximately $13,938,000.

A number of other institutional investors also recently bought and sold shares of CSW. Arax Advisory Partners acquired a new position in shares of CSW Industrials during the 4th quarter worth about $28,000. Danske Bank A S acquired a new stake in shares of CSW Industrials during the 4th quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CSW Industrials during the 4th quarter worth about $31,000. Global Retirement Partners LLC purchased a new stake in CSW Industrials during the fourth quarter worth approximately $31,000. Finally, CWM LLC purchased a new stake in CSW Industrials during the fourth quarter worth approximately $32,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Joseph B. Armes sold 1,500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $279.52, for a total transaction of $419,280.00. Following the completion of the sale, the chief executive officer owned 69,100 shares in the company, valued at $19,314,832. This represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Don Sullivan sold 166 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total transaction of $49,843.16. Following the transaction, the executive vice president directly owned 21,567 shares in the company, valued at $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,680 shares of company stock valued at $1,884,758 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CSW shares. Citigroup dropped their price target on shares of CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Truist Financial reduced their price objective on shares of CSW Industrials from $301.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, May 27th. Zacks Research upgraded shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Weiss Ratings upgraded shares of CSW Industrials from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company increased their target price on shares of CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.57.

CSW Industrials Stock Up 4.3%

Shares of NYSE CSW opened at $280.20 on Thursday. The business has a 50-day moving average price of $277.36 and a 200 day moving average price of $287.70. The stock has a market cap of $4.57 billion, a PE ratio of 41.95 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 2.60 and a debt-to-equity ratio of 0.80. CSW Industrials, Inc. has a 52-week low of $230.45 and a 52-week high of $337.02.

CSW Industrials (NYSE:CSW) last released its quarterly earnings results on Tuesday, May 26th. The basic materials company reported $3.14 EPS for the quarter, topping the consensus estimate of $2.34 by $0.80. CSW Industrials had a return on equity of 15.91% and a net margin of 10.35%.The company had revenue of $308.96 million for the quarter. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. Equities research analysts forecast that CSW Industrials, Inc. will post 12.52 earnings per share for the current year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.4%. 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. CSW Industrials’s dividend payout ratio is presently 17.96%.

About CSW Industrials

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.