JPMorgan Chase & Co. Has $23.07 Million Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

JPMorgan Chase & Co. decreased its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,969 shares of the basic materials company’s stock after selling 4,551 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.37% of CSW Industrials worth $23,071,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in CSW Industrials by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock worth $142,536,000 after acquiring an additional 26,728 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in CSW Industrials in the 3rd quarter valued at $916,000. Charles Schwab Investment Management Inc. boosted its holdings in CSW Industrials by 13.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after purchasing an additional 19,659 shares during the period. Thrivent Financial for Lutherans grew its position in shares of CSW Industrials by 40.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,423 shares of the basic materials company’s stock valued at $10,414,000 after purchasing an additional 8,161 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of CSW Industrials by 8.5% in the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock worth $3,482,000 after buying an additional 744 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total transaction of $70,930.00. Following the transaction, the director now directly owns 13,719 shares in the company, valued at $4,865,443.35. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke Alverson sold 1,416 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $387.15, for a total value of $548,204.40. Following the completion of the sale, the senior vice president now owns 17,156 shares of the company’s stock, valued at $6,641,945.40. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,581 shares of company stock valued at $2,567,794. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup upgraded CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group began coverage on shares of CSW Industrials in a research report on Friday, December 6th. They issued a “neutral” rating and a $450.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Finally, StockNews.com raised shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $430.00.

CSW Industrials Trading Up 1.0 %

Shares of NASDAQ CSWI opened at $360.84 on Thursday. The stock’s 50-day moving average is $390.02 and its 200 day moving average is $347.57. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 49.03 and a beta of 0.85. CSW Industrials, Inc. has a 1-year low of $201.13 and a 1-year high of $436.50.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.27%. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials’s payout ratio is presently 13.04%.

About CSW Industrials

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.