Northwestern Mutual Wealth Management Co. Makes New $237.89 Million Investment in CSW Industrials, Inc. $CSW

Northwestern Mutual Wealth Management Co. bought a new position in shares of CSW Industrials, Inc. (NYSE:CSW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 810,449 shares of the basic materials company’s stock, valued at approximately $237,891,000.

Several other institutional investors have also recently bought and sold shares of CSW. Sanctuary Advisors LLC grew its holdings in shares of CSW Industrials by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 984 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 74 shares during the last quarter. Danske Bank A S bought a new stake in shares of CSW Industrials during the fourth quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CSW Industrials during the fourth quarter worth about $31,000. CWM LLC bought a new stake in shares of CSW Industrials during the fourth quarter worth about $32,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of CSW Industrials during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 82.79% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, SVP Luke Alverson sold 1,007 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $289.57, for a total value of $291,596.99. Following the sale, the senior vice president directly owned 12,450 shares in the company, valued at $3,605,146.50. This represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph B. Armes sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $286.77, for a total value of $430,155.00. Following the completion of the transaction, the chief executive officer directly owned 84,494 shares in the company, valued at approximately $24,230,344.38. This trade represents a 1.74% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 3,680 shares of company stock valued at $1,039,568. Insiders own 1.30% of the company’s stock.

CSW Industrials Stock Performance

Shares of CSW stock opened at $256.06 on Friday. The business’s 50 day simple moving average is $273.65 and its 200 day simple moving average is $284.13. CSW Industrials, Inc. has a one year low of $230.45 and a one year high of $337.02. The stock has a market capitalization of $4.22 billion, a PE ratio of 33.96 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97.

CSW Industrials Increases Dividend

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

CSW Industrials Company 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.