Corient Private Wealth LLC Has $3.06 Million Stock Holdings in CSW Industrials, Inc. (NASDAQ:CSWI)

Corient Private Wealth LLC cut its holdings in CSW Industrials, Inc. (NASDAQ:CSWI) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,659 shares of the basic materials company’s stock after selling 434 shares during the quarter. Corient Private Wealth LLC owned approximately 0.05% of CSW Industrials worth $3,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSWI. Mutual of America Capital Management LLC acquired a new stake in shares of CSW Industrials in the third quarter valued at $916,000. Pathstone Holdings LLC boosted its holdings in CSW Industrials by 12.6% in the third quarter. Pathstone Holdings LLC now owns 6,070 shares of the basic materials company’s stock valued at $2,224,000 after acquiring an additional 679 shares during the last quarter. Intech Investment Management LLC bought a new position in CSW Industrials in the third quarter valued at about $1,732,000. Charles Schwab Investment Management Inc. boosted its holdings in CSW Industrials by 13.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 168,369 shares of the basic materials company’s stock valued at $61,689,000 after acquiring an additional 19,659 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in CSW Industrials by 367.6% in the third quarter. Citigroup Inc. now owns 20,816 shares of the basic materials company’s stock valued at $7,627,000 after acquiring an additional 16,364 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CSW Industrials

In related news, Director Robert M. Swartz sold 200 shares of CSW Industrials stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $354.65, for a total value of $70,930.00. Following the sale, the director now owns 13,719 shares of the company’s stock, valued at approximately $4,865,443.35. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph B. Armes sold 1,000 shares of CSW Industrials stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $289.97, for a total value of $289,970.00. Following the completion of the sale, the chief executive officer now directly owns 46,848 shares in the company, valued at approximately $13,584,514.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,389 shares of company stock valued at $3,104,831 over the last 90 days. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Truist Financial started coverage on CSW Industrials in a report on Friday, February 14th. They set a “hold” rating and a $362.00 target price on the stock. StockNews.com cut CSW Industrials from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on CSW Industrials from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup reduced their target price on CSW Industrials from $466.00 to $404.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $379.00.

CSW Industrials Price Performance

NASDAQ CSWI opened at $292.79 on Friday. The firm has a market cap of $4.91 billion, a P/E ratio of 34.98 and a beta of 0.80. The stock’s 50-day moving average is $324.96 and its 200-day moving average is $358.34. CSW Industrials, Inc. has a one year low of $225.83 and a one year high of $436.50.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. CSW Industrials had a return on equity of 15.72% and a net margin of 15.53%. Equities analysts anticipate that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently declared 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 0.33%. The ex-dividend date was Friday, January 31st. CSW Industrials’s dividend payout ratio is currently 11.47%.

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.