Bessemer Group Inc. Buys Shares of 104,700 CSW Industrials, Inc. $CSW

Bessemer Group Inc. acquired a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 104,700 shares of the basic materials company’s stock, valued at approximately $30,733,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. acquired a new stake in shares of CSW Industrials during the fourth quarter worth $515,553,000. Conestoga Capital Advisors LLC acquired a new stake in shares of CSW Industrials during the fourth quarter worth $185,879,000. Congress Asset Management Co. acquired a new stake in shares of CSW Industrials during the fourth quarter worth $65,002,000. Thrivent Financial for Lutherans acquired a new stake in shares of CSW Industrials during the fourth quarter worth $54,324,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of CSW Industrials during the fourth quarter worth $53,434,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CSW Industrials

In related news, EVP Don Sullivan sold 166 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $300.26, for a total transaction of $49,843.16. Following the completion of the transaction, the executive vice president owned 21,567 shares of the company’s stock, valued at $6,475,707.42. This trade represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Luke Alverson sold 1,007 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $289.57, for a total transaction of $291,596.99. Following the transaction, the senior vice president directly owned 12,450 shares of the company’s stock, valued at approximately $3,605,146.50. This trade represents a 7.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,680 shares of company stock worth $1,039,568. 1.30% of the stock is currently owned by company insiders.

CSW Industrials Trading Down 3.4%

Shares of CSW Industrials stock opened at $256.06 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97. The firm has a fifty day moving average price of $273.65 and a 200 day moving average price of $284.13. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $337.02. The stock has a market cap of $4.22 billion, a PE ratio of 33.96 and a beta of 0.88.

CSW Industrials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, April 24th. CSW Industrials’s dividend payout ratio is 15.92%.

Analysts Set New Price Targets

Several research firms have recently commented on CSW. Zacks Research upgraded shares of CSW Industrials from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of CSW Industrials in a research note on Wednesday, April 29th. Wells Fargo & Company lowered their price objective on shares of CSW Industrials from $300.00 to $280.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Citigroup lowered their price objective on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Finally, Robert W. Baird began coverage on shares of CSW Industrials in a research note on Tuesday, February 17th. They set an “outperform” rating and a $378.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $328.43.

CSW Industrials Profile

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.