119,619 Shares in CSW Industrials, Inc. (NASDAQ:CSWI) Purchased by Riverbridge Partners LLC

Riverbridge Partners LLC bought a new stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 119,619 shares of the basic materials company’s stock, valued at approximately $42,202,000. Riverbridge Partners LLC owned approximately 0.71% of CSW Industrials as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. State Street Corp increased its position in CSW Industrials by 71.7% during the 3rd quarter. State Street Corp now owns 612,696 shares of the basic materials company’s stock valued at $224,486,000 after buying an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company’s stock worth $211,420,000 after acquiring an additional 9,781 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of CSW Industrials by 7.4% during the third quarter. Geode Capital Management LLC now owns 388,954 shares of the basic materials company’s stock valued at $142,536,000 after acquiring an additional 26,728 shares in the last quarter. Congress Asset Management Co. raised its position in shares of CSW Industrials by 3.8% in the 3rd quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock worth $74,616,000 after purchasing an additional 7,405 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in CSW Industrials by 13.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock worth $61,689,000 after purchasing an additional 19,659 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

CSW Industrials Trading Down 2.0 %

CSWI opened at $388.95 on Thursday. CSW Industrials, Inc. has a 12-month low of $203.83 and a 12-month high of $436.50. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 52.85 and a beta of 0.85. The company’s 50 day moving average is $387.40 and its 200 day moving average is $355.28.

CSW Industrials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.24 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 0.25%. CSW Industrials’s dividend payout ratio (DPR) is 13.04%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup reduced their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of CSW Industrials from $425.00 to $410.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. StockNews.com raised CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group lowered their price target on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $404.67.

Insider Transactions at CSW Industrials

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $404.79, for a total transaction of $404,790.00. Following the transaction, the chief executive officer now owns 50,698 shares of the company’s stock, valued at $20,522,043.42. The trade was a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Don Sullivan sold 1,965 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the sale, the executive vice president now directly owns 30,804 shares of the company’s stock, valued at approximately $11,925,768.60. This trade represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,903 shares of company stock worth $3,777,538 in the last three months. Corporate insiders own 1.40% of the company’s stock.

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.