Handelsbanken Fonder AB Invests $1.43 Million in CSW Industrials, Inc. $CSW

Handelsbanken Fonder AB purchased a new position in CSW Industrials, Inc. (NYSE:CSW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,869 shares of the basic materials company’s stock, valued at approximately $1,429,000.

A number of other institutional investors also recently made changes to their positions in CSW. Vanguard Group Inc. acquired a new position in shares of CSW Industrials in the fourth quarter worth $515,553,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of CSW Industrials in the fourth quarter worth $237,891,000. Conestoga Capital Advisors LLC acquired a new position in shares of CSW Industrials in the fourth quarter worth $185,879,000. Congress Asset Management Co. acquired a new position in shares of CSW Industrials in the fourth quarter worth $65,002,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of CSW Industrials in the fourth quarter worth $54,324,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Don Sullivan sold 166 shares of CSW Industrials stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total value of $49,843.16. Following the completion of the sale, the executive vice president owned 21,567 shares of the company’s stock, valued at $6,475,707.42. The trade was a 0.76% decrease in their ownership of the stock. 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, SVP Luke Alverson sold 1,007 shares of CSW Industrials stock in a transaction on Friday, May 1st. The shares were sold at an average price of $289.57, for a total value of $291,596.99. Following the completion of the sale, the senior vice president directly owned 12,450 shares of the company’s stock, valued at approximately $3,605,146.50. This represents a 7.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,680 shares of company stock worth $1,039,568 in the last three months. Company insiders own 1.30% of the company’s stock.

CSW Industrials Price Performance

Shares of NYSE:CSW opened at $277.83 on Tuesday. The company has a market cap of $4.58 billion, a P/E ratio of 36.85 and a beta of 0.88. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. CSW Industrials, Inc. has a 52 week low of $230.45 and a 52 week high of $337.02. The business has a fifty day simple moving average of $273.73 and a 200-day simple moving average of $285.29.

CSW Industrials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a $0.30 dividend. This is an increase from CSW Industrials’s previous quarterly dividend of $0.27. 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. CSW Industrials’s dividend payout ratio (DPR) is presently 15.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup cut their price target on CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Wells Fargo & Company cut their price target on CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Truist Financial boosted their price target on CSW Industrials from $292.00 to $301.00 and gave the stock a “hold” rating in a report on Monday, April 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CSW Industrials in a research report on Wednesday, April 29th. Finally, Robert W. Baird initiated coverage on CSW Industrials in a research report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.43.

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.