Kesler Norman & Wride LLC Lowers Holdings in The Sherwin-Williams Company (NYSE:SHW)

Kesler Norman & Wride LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,130 shares of the specialty chemicals company’s stock after selling 553 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Sherwin-Williams were worth $1,577,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Waterloo Capital L.P. bought a new position in Sherwin-Williams in the 4th quarter valued at approximately $360,000. Ossiam raised its position in Sherwin-Williams by 2.8% in the 4th quarter. Ossiam now owns 6,025 shares of the specialty chemicals company’s stock worth $1,879,000 after buying an additional 164 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Sherwin-Williams by 4.0% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 21,328 shares of the specialty chemicals company’s stock valued at $6,652,000 after acquiring an additional 826 shares during the period. State of Tennessee Treasury Department boosted its holdings in shares of Sherwin-Williams by 20.0% during the 4th quarter. State of Tennessee Treasury Department now owns 101,245 shares of the specialty chemicals company’s stock valued at $31,578,000 after acquiring an additional 16,855 shares during the last quarter. Finally, Regal Investment Advisors LLC grew its stake in shares of Sherwin-Williams by 4.4% in the fourth quarter. Regal Investment Advisors LLC now owns 2,560 shares of the specialty chemicals company’s stock worth $799,000 after acquiring an additional 107 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $367.97 on Tuesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The stock’s fifty day moving average is $363.56 and its 200 day moving average is $331.10. The firm has a market capitalization of $92.82 billion, a PE ratio of 39.23, a PEG ratio of 2.97 and a beta of 1.17. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $385.25.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the business earned $3.29 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s payout ratio is currently 30.49%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SHW. The Goldman Sachs Group lifted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Barclays raised their target price on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research note on Friday, August 30th. Morgan Stanley boosted their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird increased their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $370.39.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.