CSW Industrials, Inc. (NASDAQ:CSWI) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 972 shares of the basic materials company’s stock after selling 117 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CSW Industrials were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CSWI. State Street Corp raised its position in shares of CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock worth $224,486,000 after purchasing an additional 255,849 shares during the period. Proficio Capital Partners LLC raised its position in shares of CSW Industrials by 35,553.3% during the 4th quarter. Proficio Capital Partners LLC now owns 202,154 shares of the basic materials company’s stock worth $71,320,000 after purchasing an additional 201,587 shares during the period. Riverbridge Partners LLC acquired a new stake in shares of CSW Industrials during the 4th quarter worth approximately $42,202,000. Principal Financial Group Inc. raised its position in shares of CSW Industrials by 1,046.2% during the 3rd quarter. Principal Financial Group Inc. now owns 84,991 shares of the basic materials company’s stock worth $31,140,000 after purchasing an additional 77,576 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of CSW Industrials during the 3rd quarter worth approximately $25,589,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CSWI. Truist Financial began coverage on CSW Industrials in a research report on Friday, February 14th. They set a “hold” rating and a $362.00 price target on the stock. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Citigroup decreased their price objective on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group decreased their price objective on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $379.00.

Insider Transactions at CSW Industrials

In other news, EVP Don Sullivan sold 2,222 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the sale, the executive vice president now directly owns 24,853 shares of the company’s stock, valued at $7,260,058.36. This trade represents a 8.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James E. Perry sold 145 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $307.77, for a total value of $44,626.65. Following the sale, the chief financial officer now directly owns 23,282 shares of the company’s stock, valued at approximately $7,165,501.14. This represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,389 shares of company stock valued at $3,104,831 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

CSW Industrials Stock Performance

Shares of NASDAQ CSWI opened at $292.79 on Friday. The stock has a fifty day moving average price of $324.96 and a two-hundred day moving average price of $358.05. The firm has a market cap of $4.91 billion, a P/E ratio of 34.98 and a beta of 0.80. CSW Industrials, Inc. has a 1 year low of $225.83 and a 1 year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. On average, research analysts predict that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Announces Dividend

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

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.