Public Employees Retirement System of Ohio Has $3.76 Million Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Public Employees Retirement System of Ohio lessened its holdings in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,667 shares of the basic materials company's stock after selling 2,015 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of CSW Industrials worth $3,763,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in CSW Industrials by 510.5% in the fourth quarter. IFP Advisors Inc now owns 116 shares of the basic materials company's stock worth $42,000 after purchasing an additional 97 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in CSW Industrials during the fourth quarter worth approximately $51,000. Jones Financial Companies Lllp grew its holdings in CSW Industrials by 300.0% during the fourth quarter. Jones Financial Companies Lllp now owns 164 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 123 shares during the last quarter. CIBC Private Wealth Group LLC raised its position 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 purchasing an additional 76 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of CSW Industrials in the fourth quarter worth $89,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Don Sullivan sold 2,222 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $292.12, for a total transaction of $649,090.64. Following the sale, the executive vice president now directly owns 24,853 shares of the company's stock, valued at $7,260,058.36. This represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Luke Alverson sold 1,100 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $292.12, for a total value of $321,332.00. Following the transaction, the senior vice president now directly owns 13,434 shares in the company, valued at approximately $3,924,340.08. This represents a 7.57% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,850 shares of company stock worth $3,578,583. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CSWI has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of CSW Industrials from $313.00 to $321.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen downgraded CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Truist Financial initiated coverage on CSW Industrials in a research report on Friday, February 14th. They issued a "hold" rating and a $362.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of CSW Industrials from $295.00 to $305.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, CSW Industrials has a consensus rating of "Hold" and a consensus price target of $347.00.

CSW Industrials Stock Up 0.2%

Shares of CSWI stock traded up $0.68 during mid-day trading on Tuesday, reaching $301.88. The stock had a trading volume of 9,678 shares, compared to its average volume of 135,862. CSW Industrials, Inc. has a one year low of $248.90 and a one year high of $436.50. The firm has a market cap of $5.07 billion, a PE ratio of 36.07 and a beta of 0.96. The firm's 50 day simple moving average is $303.14 and its 200 day simple moving average is $334.11.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (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 15.72% and a net margin of 15.53%. During the same period last year, the business earned $2.04 earnings per share. Sell-side analysts forecast that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, April 25th. This is a boost from CSW Industrials's previous quarterly dividend of $0.24. CSW Industrials's dividend payout ratio is presently 12.84%.

About CSW Industrials

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.