Pitcairn Co. Sells 492 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Pitcairn Co. decreased its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 16.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,428 shares of the basic materials company’s stock after selling 492 shares during the period. Pitcairn Co.’s holdings in CSW Industrials were worth $890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in CSW Industrials by 105.9% in the third quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 36 shares during the period. V Square Quantitative Management LLC purchased a new stake in CSW Industrials in the third quarter worth $30,000. Contravisory Investment Management Inc. lifted its stake in CSW Industrials by 48.1% in the second quarter. Contravisory Investment Management Inc. now owns 117 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 38 shares during the period. Peterson Financial Group Inc. purchased a new stake in CSW Industrials in the third quarter worth $72,000. Finally, Nisa Investment Advisors LLC lifted its stake in CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 173 shares during the period. Institutional investors own 82.79% of the company’s stock.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $404.79, for a total value of $404,790.00. Following the completion of the sale, the chief executive officer now directly owns 50,698 shares in the company, valued at approximately $20,522,043.42. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $1,139,500 in the last quarter. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

CSW Industrials Trading Up 2.6 %

Shares of CSW Industrials stock opened at $426.66 on Monday. The firm has a market capitalization of $7.18 billion, a P/E ratio of 57.97, a P/E/G ratio of 3.33 and a beta of 0.78. The business has a fifty day simple moving average of $382.05 and a two-hundred day simple moving average of $318.05. CSW Industrials, Inc. has a 12 month low of $172.97 and a 12 month high of $428.46.

CSW Industrials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, October 25th. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.21. CSW Industrials’s payout ratio is currently 13.04%.

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.