Kepler Cheuvreux Suisse SA Purchases New Stake in The Sherwin-Williams Company $SHW

Kepler Cheuvreux Suisse SA acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,365 shares of the specialty chemicals company’s stock, valued at approximately $3,243,000.

Other institutional investors have also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new position in Sherwin-Williams during the 2nd quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Rossby Financial LCC boosted its holdings in shares of Sherwin-Williams by 96.0% during the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 48 shares during the period. Delos Wealth Advisors LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth approximately $36,000. Finally, True Wealth Design LLC grew its position in Sherwin-Williams by 129.8% during the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 61 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a report on Wednesday, January 7th. Mizuho upped their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Finally, Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $388.21.

Sherwin-Williams Price Performance

NYSE SHW opened at $330.57 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $81.77 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The company has a 50 day moving average price of $352.42 and a two-hundred day moving average price of $345.21.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.16 by $0.07. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. Sherwin-Williams’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.09 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.16%.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This represents a 20.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.