Don Sullivan Sells 1,800 Shares of CSW Industrials, Inc. (NASDAQ:CSWI) Stock

CSW Industrials, Inc. (NASDAQ:CSWI) EVP Don Sullivan sold 1,800 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $377.58, for a total value of $679,644.00. Following the sale, the executive vice president now directly owns 29,004 shares of the company’s stock, valued at approximately $10,951,330.32. This trade represents a 5.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Don Sullivan also recently made the following trade(s):

• On Monday, December 16th, Don Sullivan sold 1,965 shares of CSW Industrials stock. The shares were sold at an average price of $387.15, for a total value of $760,749.75.

CSW Industrials Trading Up 1.3 %

NASDAQ CSWI opened at $385.34 on Friday. The company’s fifty day simple moving average is $389.08 and its 200-day simple moving average is $351.48. The stock has a market cap of $6.48 billion, a P/E ratio of 52.36 and a beta of 0.85. CSW Industrials, Inc. has a 52 week low of $203.83 and a 52 week high of $436.50.

CSW Industrials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%. CSW Industrials’s payout ratio is currently 13.04%.

Analyst Ratings Changes

Several research firms recently commented on CSWI. Wells Fargo & Company cut their price target on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. The Goldman Sachs Group cut their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citigroup decreased their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday. Finally, StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $404.67.

Institutional Trading of CSW Industrials

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. increased its holdings in CSW Industrials by 49.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,376 shares of the basic materials company’s stock worth $3,018,000 after purchasing an additional 3,769 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of CSW Industrials by 90.0% in the second quarter. Envestnet Asset Management Inc. now owns 52,357 shares of the basic materials company’s stock worth $13,891,000 after buying an additional 24,802 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in CSW Industrials in the second quarter valued at $716,000. Vanguard Personalized Indexing Management LLC acquired a new stake in CSW Industrials in the second quarter valued at $343,000. Finally, Hsbc Holdings PLC grew its holdings in CSW Industrials by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 1,743 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 34 shares in the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

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.