12,383 Shares in CSW Industrials, Inc. $CSW Purchased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG opened a new position in CSW Industrials (NYSE:CSW) in Q4, buying 12,383 shares worth about $3.64M, while several other institutions also initiated large stakes, leaving institutional ownership at 82.79%.
• Insiders have been selling recently: EVP Don Sullivan sold 166 shares and CEO Joseph B. Armes sold 1,500 shares on April 15 under pre-arranged Rule 10b5-1 plans, and insiders have disposed of 3,173 shares (~$906k) in the past 90 days, now owning 1.30% of the company.
• CSW missed the quarter (EPS $1.42 vs. estimate $1.93; revenue $233M vs. estimate $249M) but raised its quarterly dividend to $0.30 (annualized $1.20, ~0.4% yield; ex-dividend April 24, payable May 8).

B. Metzler seel. Sohn & Co. AG purchased a new position in CSW Industrials, Inc. (NYSE:CSW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,383 shares of the basic materials company's stock, valued at approximately $3,635,000. B. Metzler seel. Sohn & Co. AG owned about 0.07% of CSW Industrials as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSW. Congress Asset Management Co. purchased a new position in shares of CSW Industrials during the fourth quarter worth about $65,002,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of CSW Industrials during the fourth quarter valued at $53,434,000. Allspring Global Investments Holdings LLC purchased a new position in CSW Industrials in the fourth quarter worth about $41,461,000. SG Americas Securities LLC bought a new position in shares of CSW Industrials in the fourth quarter worth about $39,915,000. Finally, Riverbridge Partners LLC bought a new position in shares of CSW Industrials in the fourth quarter worth about $38,280,000. 82.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Don Sullivan sold 166 shares of the business's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $300.26, for a total value of $49,843.16. Following the transaction, the executive vice president owned 21,567 shares in the company, valued at $6,475,707.42. The trade was a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the business's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total value of $430,155.00. Following the completion of the transaction, the chief executive officer owned 84,494 shares in the company, valued at $24,230,344.38. This trade represents a 1.74% 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. Over the last 90 days, insiders have sold 3,173 shares of company stock worth $905,981. Insiders own 1.30% of the company's stock.

CSW Industrials Trading Up 0.2%

NYSE:CSW opened at $296.27 on Friday. The firm has a market cap of $4.88 billion, a PE ratio of 39.29 and a beta of 0.84. The stock has a fifty day moving average price of $279.33 and a 200 day moving average price of $280.67. CSW Industrials, Inc. has a 12-month low of $230.45 and a 12-month high of $338.90. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.93 by ($0.51). The business had revenue of $232.99 million for the quarter, compared to analysts' expectations of $249.36 million. CSW Industrials had a return on equity of 14.55% and a net margin of 12.64%. Sell-side analysts anticipate that CSW Industrials, Inc. will post 9.9 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 24th will be given a $0.30 dividend. This is a boost from CSW Industrials's previous quarterly dividend of $0.27. The ex-dividend date is Friday, April 24th. This represents a $1.20 annualized dividend and a yield of 0.4%. CSW Industrials's payout ratio is presently 14.32%.

Analyst Upgrades and Downgrades

CSW has been the topic of a number of research reports. Robert W. Baird assumed coverage on CSW Industrials in a research note on Tuesday, February 17th. They issued an "outperform" rating and a $378.00 price objective on the stock. Citigroup cut their price objective on shares of CSW Industrials from $333.00 to $307.00 and set a "neutral" rating on the stock in a report on Friday, January 30th. Wells Fargo & Company lowered their target price on CSW Industrials from $300.00 to $280.00 and set an "equal weight" rating on the stock in a research note on Monday, February 2nd. Truist Financial increased their price target on CSW Industrials from $292.00 to $301.00 and gave the stock a "hold" rating in a research report on Monday, April 20th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of CSW Industrials in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, CSW Industrials has an average rating of "Hold" 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.

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