The Sherwin-Williams Company $SHW Stock: Kestra Advisory Services LLC Raises Holdings

Kestra Advisory Services LLC lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 58,746 shares of the specialty chemicals company’s stock after acquiring an additional 4,449 shares during the period. Kestra Advisory Services LLC’s holdings in Sherwin-Williams were worth $18,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Eastern Bank increased its position in Sherwin-Williams by 50.8% in the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 30 shares during the period. Focus Financial Network Inc. raised its stake in Sherwin-Williams by 1.0% during the 3rd quarter. Focus Financial Network Inc. now owns 3,068 shares of the specialty chemicals company’s stock valued at $992,000 after acquiring an additional 31 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Sherwin-Williams by 4.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 812 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 31 shares during the period. Heartland Bank & Trust Co boosted its position in Sherwin-Williams by 2.8% during the 1st quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock worth $376,000 after acquiring an additional 32 shares during the period. Finally, Childress Capital Advisors LLC boosted its position in Sherwin-Williams by 4.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 713 shares of the specialty chemicals company’s stock worth $230,000 after acquiring an additional 33 shares during the period. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent analyst reports. KeyCorp started coverage on Sherwin-Williams in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Stephens cut their price objective on shares of Sherwin-Williams from $375.00 to $353.00 and set a “hold” rating on the stock in a research note on Tuesday, September 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a $353.00 target price on shares of Sherwin-Williams in a research note on Tuesday, October 27th. Finally, Weiss Ratings downgraded shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $377.29.

Insider Transactions at Sherwin-Williams

In other news, SVP James R. Jaye sold 2,301 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $345.56, for a total transaction of $795,133.56. Following the completion of the transaction, the senior vice president owned 6,936 shares in the company, valued at approximately $2,396,804.16. This trade represents a 24.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Mary L. Garceau sold 3,891 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $350.42, for a total transaction of $1,363,484.22. Following the completion of the transaction, the senior vice president directly owned 31,466 shares in the company, valued at $11,026,315.72. This represents a 11.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,315 shares of company stock valued at $7,848,071 in the last quarter. 0.23% of the stock is owned by company insiders.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $344.26 on Monday. The stock has a fifty day moving average price of $329.67 and a two-hundred day moving average price of $333.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71. The firm has a market cap of $83.17 billion, a P/E ratio of 31.64, a PEG ratio of 2.87 and a beta of 1.04. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.59 EPS. Research analysts forecast that The Sherwin-Williams Company will post 12.02 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Sherwin-Williams’s payout ratio is presently 29.41%.

Sherwin-Williams Profile

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels.

Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.

Sherwin-Williams serves customers in North America and markets around the world.