Harvest Fund Management Co. Ltd Acquires New Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Harvest Fund Management Co. Ltd bought a new position in CSW Industrials, Inc. (NASDAQ:CSWI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 684 shares of the basic materials company’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of CSW Industrials by 39.1% in the first quarter. Vanguard Group Inc. now owns 1,213,748 shares of the basic materials company’s stock worth $284,745,000 after buying an additional 340,904 shares during the period. Conestoga Capital Advisors LLC grew its holdings 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 purchasing an additional 9,781 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of CSW Industrials in the second quarter worth $65,595,000. Congress Asset Management Co. boosted its position in CSW Industrials by 3.8% during the 3rd quarter. Congress Asset Management Co. now owns 203,651 shares of the basic materials company’s stock valued at $74,616,000 after buying an additional 7,405 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 acquiring an additional 19,659 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors.

CSW Industrials Stock Down 2.0 %

CSW Industrials stock opened at $423.58 on Wednesday. CSW Industrials, Inc. has a twelve month low of $172.97 and a twelve month high of $436.50. The company has a market capitalization of $7.12 billion, a P/E ratio of 57.55, a PEG ratio of 3.42 and a beta of 0.78. The stock’s 50 day moving average is $383.89 and its 200 day moving average is $319.85.

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 issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, October 25th. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 0.23%. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insider Transactions at CSW Industrials

In related news, CEO Joseph B. Armes sold 1,000 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 50,698 shares of the company’s stock, valued at $20,522,043.42. This trade represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CSWI. Citigroup upgraded shares of CSW Industrials to a “hold” rating in a report on Wednesday, November 13th. Wells Fargo & Company assumed coverage on shares of CSW Industrials in a report on Monday. They issued an “equal weight” rating and a $425.00 price target on the stock. Finally, StockNews.com downgraded CSW Industrials from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.