Select Equity Group L.P. Has $1.87 Million Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Select Equity Group L.P. cut its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI - Free Report) by 34.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,298 shares of the basic materials company's stock after selling 2,813 shares during the period. Select Equity Group L.P.'s holdings in CSW Industrials were worth $1,869,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSWI. Vanguard Group Inc. lifted its position in shares of CSW Industrials by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock worth $653,638,000 after purchasing an additional 29,488 shares during the period. Geode Capital Management LLC increased its holdings in CSW Industrials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock worth $138,983,000 after purchasing an additional 4,899 shares in the last quarter. Northern Trust Corp lifted its stake in CSW Industrials by 5.6% in the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company's stock valued at $76,789,000 after buying an additional 11,465 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of CSW Industrials by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 207,136 shares of the basic materials company's stock worth $73,079,000 after buying an additional 661 shares during the period. Finally, Congress Asset Management Co. increased its stake in CSW Industrials by 1.2% in the fourth quarter. Congress Asset Management Co. now owns 206,195 shares of the basic materials company's stock valued at $72,745,000 after purchasing an additional 2,544 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CSW Industrials

In other CSW Industrials news, EVP Don Sullivan sold 2,222 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $292.12, for a total value of $649,090.64. Following the transaction, the executive vice president now owns 24,853 shares in the company, valued at $7,260,058.36. The trade was a 8.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $289.10, for a total value of $57,820.00. Following the completion of the sale, the director now owns 13,119 shares in the company, valued at approximately $3,792,702.90. This represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,276 shares of company stock valued at $3,093,736 in the last ninety days. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial assumed coverage on CSW Industrials in a research report on Friday, February 14th. They set a "hold" rating and a $362.00 target price on the stock. Wall Street Zen cut CSW Industrials from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Citigroup raised their price objective on CSW Industrials from $313.00 to $321.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Wells Fargo & Company cut their price objective on CSW Industrials from $350.00 to $295.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $344.50.

CSW Industrials Price Performance

Shares of CSW Industrials stock traded up $3.75 during trading on Friday, hitting $305.91. The stock had a trading volume of 56,279 shares, compared to its average volume of 135,541. The stock has a market cap of $5.13 billion, a PE ratio of 36.55 and a beta of 0.96. CSW Industrials, Inc. has a 12 month low of $245.11 and a 12 month high of $436.50. The firm's fifty day simple moving average is $301.86 and its 200-day simple moving average is $340.19.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last posted its earnings results on Thursday, May 22nd. The basic materials company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. The firm had revenue of $230.55 million during the quarter, compared to analysts' expectations of $232.82 million. During the same period in the previous year, the business posted $2.04 EPS. Analysts expect that CSW Industrials, Inc. will post 8.49 earnings per share for the current fiscal year.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a dividend of $0.27 per share. This is a positive change from CSW Industrials's previous quarterly dividend of $0.24. The ex-dividend date was Friday, April 25th. This represents a $1.08 annualized dividend and a dividend yield of 0.35%. CSW Industrials's dividend payout ratio (DPR) is presently 12.90%.

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.