Envestnet Asset Management Inc. buys 1,021 shares of CSW Industrials, Inc. (NASDAQ: CSWI)

Envestnet Asset Management Inc. increased its position in CSW Industrials, Inc. (NASDAQ:CSWI – Get Rating) by 10.3% during the first quarter, Holdings Channel reports. The institutional investor held 10,975 shares of the basic materials company after purchasing an additional 1,021 shares during the quarter. Envestnet Asset Management Inc.’s holdings in CSW Industrials were worth $1,291,000 when it last filed with the SEC.

Several other institutional investors have also recently bought and sold shares of CSWI. Tributary Capital Management LLC increased its position in CSW Industrials shares by 5.1% in the first quarter. Tributary Capital Management LLC now owns 111,577 shares of the basic materials company worth $13,120,000 after buying 5,365 additional shares in the last quarter. Everett Harris & Co. CA increased its stake in CSW Industrials shares by 1.2% during the 1st quarter. Everett Harris & Co. CA now owns 20,530 shares of the basic materials company worth $2,414,000 after buying 243 additional shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID increased its holdings of CSW Industrials shares 0.4% in Q1. Mountain Pacific Investment Advisers Inc. ID now owns 112,256 shares of the basic materials company valued at $13,200,000 after acquiring 429 additional shares last quarter. Cim LLC increased its position in CSW Industrials shares by 3.9% in the first quarter. Cim LLC now owns 3,226 shares of the basic materials company valued at $348,000 after acquiring 120 additional shares in the last quarter. Finally, Diversified Trust Co increased its stake in CSW Industrials by 12.3% during the first quarter. Diversified Trust Co now owns 4,150 shares of the basic materials company worth $488,000 after acquiring 455 more shares last quarter. Institutional investors hold 76.27% of the company’s shares.

Analyst upgrades and downgrades

Separately, StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a Tuesday, August 16 research report.

Performance of CSW Industrials shares

Shares of CSWI opened at $138.26 on Monday. The company has a debt ratio of 0.59, a current ratio of 2.72 and a quick ratio of 1.39. The company has a 50-day moving average of $113.35 and a 200-day moving average of $112.66. The company has a market capitalization of $2.13 billion, a PE ratio of 29.35 and a beta of 0.84. CSW Industrials, Inc. has a one-year low of $96.03 and a one-year high of $145.50.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 12. Shareholders of record on Friday, July 29 received a dividend of $0.17 per share. This represents a dividend of $0.68 on an annualized basis and a yield of 0.49%. The ex-dividend date was Thursday, July 28. CSW Industrials’ dividend payout ratio (DPR) is currently 14.44%.

Insider activity

Separately, CEO Joseph B. Armes sold 6,073 shares of the company in a trade that took place on Monday, August 1. The stock was sold at an average price of $120.44, for a total transaction of $731,432.12. As a result of the transaction, the CEO now directly owns 66,123 shares of the company, valued at approximately $7,963,854.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In other CSW Industrials news, CEO Joseph B. Armes sold 2,000 shares in a trade dated Monday, August 15. The shares were sold at an average price of $142.72, for a total value of $285,440.00. As a result of the transaction, the CEO now directly owns 58,920 shares of the company, valued at approximately $8,409,062.40. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, CEO Joseph B. Armes sold 6,073 shares of the company in a trade that took place on Monday, August 1. The stock was sold at an average price of $120.44, for a total value of $731,432.12. Following the sale, the CEO now owns 66,123 shares of the company, valued at approximately $7,963,854.12. The disclosure of this sale can be found here. Insiders sold a total of 8,573 shares of the company valued at $1,076,922 over the past three months. Insiders hold 1.40% of the shares of the company.

Profile of CSW Industrialists

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CSW Industrials, Inc. operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineering Construction Solutions and Specialty Reliability Solutions. The Contractor Solutions segment provides cements, diffusers, grates, dampers, solvents, thread sealants, traps and vents for use in HVAC/R, plumbing, general industrial, architectural and construction specified.

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Want to see which other hedge funds hold CSWI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for CSW Industrials, Inc. (NASDAQ:CSWI – Get Rating).

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