CSW Industrials, Inc. $CSW Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of CSW Industrials, Inc. (NYSE:CSW) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,937 shares of the basic materials company’s stock after selling 8,150 shares during the period. Bank of New York Mellon Corp’s holdings in CSW Industrials were worth $25,520,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CSW. Arax Advisory Partners purchased a new stake in CSW Industrials in the 4th quarter valued at $28,000. Danske Bank A S purchased a new position in CSW Industrials during the 4th quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CSW Industrials during the 4th quarter worth $31,000. Global Retirement Partners LLC purchased a new position in CSW Industrials during the 4th quarter worth $31,000. Finally, CWM LLC acquired a new position in CSW Industrials in the fourth quarter valued at $32,000. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CSW Industrials news, CEO Joseph B. Armes sold 1,500 shares of CSW Industrials stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $279.52, for a total value of $419,280.00. Following the sale, the chief executive officer owned 69,100 shares of the company’s stock, valued at approximately $19,314,832. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the transaction, the senior vice president owned 12,450 shares in the company, valued at $3,605,146.50. The trade was a 7.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,007 shares of company stock worth $1,136,787 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CSW shares. Zacks Research raised shares of CSW Industrials from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Weiss Ratings lowered CSW Industrials from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Citigroup dropped their price target on CSW Industrials from $307.00 to $304.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Wells Fargo & Company upped their price objective on CSW Industrials from $280.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Finally, Truist Financial increased their price objective on CSW Industrials from $300.00 to $313.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CSW Industrials presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.43.

CSW Industrials Stock Up 1.2%

CSW stock opened at $292.61 on Tuesday. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $337.02. The stock has a market capitalization of $4.77 billion, a PE ratio of 43.80 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 2.60. The company has a fifty day moving average of $277.27 and a 200-day moving average of $283.67.

CSW Industrials (NYSE:CSW) last issued its earnings results on Tuesday, May 26th. The basic materials company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.80. CSW Industrials had a net margin of 10.35% and a return on equity of 15.91%. The business had revenue of $308.96 million for the quarter. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, analysts expect that CSW Industrials, Inc. will post 12.52 EPS for the current year.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 0.4%. CSW Industrials’s dividend payout ratio (DPR) is presently 17.96%.

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.