Raymond James Financial Inc. Purchases Shares of 51,579 CSW Industrials, Inc. (NASDAQ:CSWI)

Raymond James Financial Inc. purchased a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 51,579 shares of the basic materials company’s stock, valued at approximately $18,197,000. Raymond James Financial Inc. owned approximately 0.31% of CSW Industrials at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in shares of CSW Industrials in the third quarter worth $28,000. IFP Advisors Inc increased its stake in shares of CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC increased its stake in shares of CSW Industrials by 94.3% in the fourth quarter. GAMMA Investing LLC now owns 136 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 66 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of CSW Industrials in the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp increased its stake in shares of CSW Industrials by 300.0% in the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

CSW Industrials Stock Up 0.6 %

CSWI opened at $292.84 on Tuesday. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 34.99 and a beta of 0.80. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50. The firm’s fifty day simple moving average is $330.53 and its two-hundred day simple moving average is $359.65.

CSW Industrials (NASDAQ:CSWI) last posted its quarterly earnings results 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%. On average, research analysts forecast that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s dividend payout ratio is currently 11.47%.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CFO James E. Perry sold 145 shares of CSW Industrials stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $307.77, for a total transaction of $44,626.65. Following the transaction, the chief financial officer now directly owns 23,282 shares of the company’s stock, valued at $7,165,501.14. The trade was a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $307.21, for a total transaction of $61,442.00. Following the transaction, the director now directly owns 13,319 shares in the company, valued at $4,091,729.99. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,067 shares of company stock valued at $1,844,438. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CSWI. Wells Fargo & Company cut their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Truist Financial started coverage on shares of CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price target on the stock. The Goldman Sachs Group dropped their price target on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Citigroup dropped their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, StockNews.com lowered shares of 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $379.00.

CSW Industrials 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.