B. Metzler seel. Sohn & Co. AG Lowers Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

B. Metzler seel. Sohn & Co. AG lowered its stake in CSW Industrials, Inc. (NASDAQ:CSWI) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,459 shares of the basic materials company’s stock after selling 831 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in CSW Industrials were worth $1,926,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of CSW Industrials by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 9,503 shares of the basic materials company’s stock valued at $3,482,000 after acquiring an additional 744 shares in the last quarter. BNP Paribas Financial Markets grew its position in CSW Industrials by 26.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,881 shares of the basic materials company’s stock valued at $3,620,000 after purchasing an additional 2,049 shares during the last quarter. MetLife Investment Management LLC increased its stake in CSW Industrials by 4.9% during the 3rd quarter. MetLife Investment Management LLC now owns 9,366 shares of the basic materials company’s stock valued at $3,432,000 after purchasing an additional 439 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CSW Industrials by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,742 shares of the basic materials company’s stock worth $1,005,000 after buying an additional 331 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of CSW Industrials by 11.5% in the third quarter. Captrust Financial Advisors now owns 1,097 shares of the basic materials company’s stock worth $402,000 after buying an additional 113 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Insider Transactions at CSW Industrials

In related news, EVP Don Sullivan sold 2,222 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $292.12, for a total transaction of $649,090.64. Following the completion of the transaction, the executive vice president now directly owns 24,853 shares in the company, valued at approximately $7,260,058.36. The trade was a 8.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $378.32, for a total transaction of $378,320.00. Following the sale, the chief executive officer now owns 48,848 shares in the company, valued at approximately $18,480,175.36. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,534 shares of company stock worth $3,133,640 in the last three months. Corporate insiders own 1.40% of the company’s stock.

CSW Industrials Stock Performance

CSW Industrials stock opened at $303.04 on Thursday. The stock has a market cap of $5.09 billion, a PE ratio of 36.21 and a beta of 0.88. The stock has a fifty day moving average of $311.29 and a 200 day moving average of $357.48. CSW Industrials, Inc. has a one year low of $227.31 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. As a group, sell-side analysts predict that CSW Industrials, Inc. will post 8.49 EPS for the current fiscal year.

CSW Industrials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, January 31st. CSW Industrials’s payout ratio is 11.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial initiated coverage on shares of CSW Industrials in a report on Friday, February 14th. They issued a “hold” rating and a $362.00 price objective for the company. 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. StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Wells Fargo & Company decreased their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Citigroup dropped their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $379.00.

CSW Industrials 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.