Bank of New York Mellon Corp Sells 4,215 Shares of CSW Industrials, Inc. (NYSE:CSW)

Bank of New York Mellon Corp reduced its stake in CSW Industrials, Inc. (NYSE:CSW - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 116,406 shares of the basic materials company's stock after selling 4,215 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.69% of CSW Industrials worth $33,935,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CSW. Versant Capital Management Inc raised its holdings in shares of CSW Industrials by 526.3% in the 1st quarter. Versant Capital Management Inc now owns 119 shares of the basic materials company's stock worth $35,000 after buying an additional 100 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in CSW Industrials by 300.0% during the 4th quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock worth $58,000 after buying an additional 123 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of CSW Industrials by 49.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 231 shares of the basic materials company's stock valued at $83,000 after buying an additional 76 shares during the period. GAMMA Investing LLC raised its holdings in shares of CSW Industrials by 117.6% during the first quarter. GAMMA Investing LLC now owns 296 shares of the basic materials company's stock worth $86,000 after acquiring an additional 160 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in CSW Industrials during the 4th quarter worth about $89,000. Institutional investors own 82.79% of the company's stock.

CSW Industrials Price Performance

NYSE CSW traded up $0.55 on Thursday, reaching $289.55. The stock had a trading volume of 57,790 shares, compared to its average volume of 118,153. The firm has a fifty day moving average of $308.60 and a two-hundred day moving average of $314.62. CSW Industrials, Inc. has a 1-year low of $249.84 and a 1-year high of $436.50. The company has a market cap of $4.87 billion, a P/E ratio of 34.43 and a beta of 0.88.

CSW Industrials (NYSE:CSW - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The basic materials company reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.01. The company had revenue of $230.55 million during the quarter, compared to analysts' expectations of $232.82 million. CSW Industrials had a return on equity of 14.46% and a net margin of 15.56%. During the same period in the prior year, the company earned $2.04 EPS. Research analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.37%. CSW Industrials's payout ratio is 12.84%.

Insider Activity at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $294.92, for a total transaction of $294,920.00. Following the completion of the sale, the chief executive officer directly owned 63,522 shares of the company's stock, valued at approximately $18,733,908.24. This trade represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $312.87, for a total value of $62,574.00. Following the sale, the director owned 12,919 shares in the company, valued at $4,041,967.53. The trade was a 1.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,109 shares of company stock valued at $1,897,421 over the last three months. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Citigroup boosted their price objective on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company boosted their price target on CSW Industrials from $295.00 to $305.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $347.00.

CSW Industrials Company 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.