Bank of New York Mellon Corp Has $42.56 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Bank of New York Mellon Corp lessened its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,621 shares of the basic materials company’s stock after selling 4,392 shares during the period. Bank of New York Mellon Corp owned 0.72% of CSW Industrials worth $42,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in shares of CSW Industrials in the third quarter valued at about $202,000. Nisa Investment Advisors LLC increased its stake in shares of CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after buying an additional 173 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of CSW Industrials in the third quarter valued at about $1,429,000. Farther Finance Advisors LLC increased its stake in shares of CSW Industrials by 16.3% in the third quarter. Farther Finance Advisors LLC now owns 328 shares of the basic materials company’s stock valued at $120,000 after buying an additional 46 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of CSW Industrials by 5.2% in the third quarter. Janney Montgomery Scott LLC now owns 2,588 shares of the basic materials company’s stock valued at $948,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Luke Alverson sold 1,416 shares of the company’s stock in a transaction 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 in the company, valued at $6,641,945.40. This represents a 7.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Don Sullivan sold 1,965 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $387.15, for a total transaction of $760,749.75. Following the transaction, the executive vice president now directly owns 30,804 shares in the company, valued at $11,925,768.60. The trade was a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,448 shares of company stock worth $3,543,172. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CSW Industrials Stock Performance

Shares of NASDAQ:CSWI opened at $300.13 on Friday. The business’s 50 day simple moving average is $339.24 and its two-hundred day simple moving average is $360.45. The firm has a market cap of $5.04 billion, a P/E ratio of 35.86 and a beta of 0.84. CSW Industrials, Inc. has a 52-week low of $221.10 and a 52-week high of $436.50.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.24 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 0.32%. CSW Industrials’s payout ratio is currently 11.47%.

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.