Pathstone Holdings LLC Purchases 679 Shares of CSW Industrials, Inc. (NASDAQ:CSWI)

Pathstone Holdings LLC boosted its position in CSW Industrials, Inc. (NASDAQ:CSWI) by 12.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,070 shares of the basic materials company’s stock after purchasing an additional 679 shares during the quarter. Pathstone Holdings LLC’s holdings in CSW Industrials were worth $2,224,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in shares of CSW Industrials by 2.0% in the second 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 during the last quarter. Xponance Inc. grew its stake in shares of CSW Industrials by 3.7% in the second quarter. Xponance Inc. now owns 976 shares of the basic materials company’s stock worth $259,000 after acquiring an additional 35 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of 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 last quarter. Contravisory Investment Management Inc. grew its stake in shares of 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 last quarter. Finally, Covestor Ltd grew its stake in shares of CSW Industrials by 17.4% in the third quarter. Covestor Ltd now owns 263 shares of the basic materials company’s stock worth $96,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

CSWI has been the topic of several recent analyst reports. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Wells Fargo & Company initiated coverage on CSW Industrials in a research report on Monday. They set an “equal weight” rating and a $425.00 price objective on the stock. Finally, Citigroup raised CSW Industrials to a “hold” rating in a research report on Wednesday, November 13th.

CSW Industrials Price Performance

CSW Industrials stock opened at $423.58 on Wednesday. CSW Industrials, Inc. has a one year low of $172.97 and a one year high of $436.50. The stock has a market capitalization of $7.12 billion, a PE ratio of 57.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78. The business’s fifty day moving average is $383.89 and its 200 day moving average is $319.85.

CSW Industrials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.23%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insiders Place Their Bets

In other CSW Industrials news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $341.37, for a total value of $341,370.00. Following the transaction, the chief executive officer now directly owns 51,579 shares of the company’s stock, valued at approximately $17,607,523.23. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 3,000 shares of company stock valued at $1,139,500. Insiders own 1.40% of the company’s stock.

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.