The Sherwin-Williams Company $SHW Stock Holdings Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,746 shares of the specialty chemicals company’s stock after buying 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 SEC filing.

Other large investors have also modified their holdings of the company. Claro Advisors Inc. purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $221,000. Platform Technology Partners grew its stake in Sherwin-Williams by 3.0% during the 3rd quarter. Platform Technology Partners now owns 1,259 shares of the specialty chemicals company’s stock valued at $407,000 after purchasing an additional 37 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Sherwin-Williams by 17.4% in the third quarter. Commonwealth Equity Services LLC now owns 128,781 shares of the specialty chemicals company’s stock worth $41,631,000 after buying an additional 19,088 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Sherwin-Williams by 68.4% in the third quarter. Chicago Partners Investment Group LLC now owns 6,091 shares of the specialty chemicals company’s stock worth $2,053,000 after buying an additional 2,474 shares during the last quarter. Finally, 3Chopt Investment Partners LLC raised its holdings in Sherwin-Williams by 35.7% in the third quarter. 3Chopt Investment Partners LLC now owns 885 shares of the specialty chemicals company’s stock valued at $286,000 after acquiring an additional 233 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.0%

SHW stock opened at $344.26 on Monday. The firm has a market cap of $83.17 billion, a price-to-earnings 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. The firm 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 current ratio of 0.71 and a quick ratio of 0.45.

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

Sherwin-Williams Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho set a $396.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Morgan Stanley restated an “overweight” rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Guggenheim reaffirmed a “buy” rating and set a $375.00 target price (down from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 28th. Jefferies Financial Group reaffirmed a “hold” rating and set a $353.00 target price on shares of Sherwin-Williams in a report on Tuesday, October 27th. Finally, DA Davidson set a $390.00 target price on Sherwin-Williams and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $377.29.

Insider Activity at Sherwin-Williams

In related news, SVP James R. Jaye sold 2,301 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $345.56, for a total value of $795,133.56. Following the sale, the senior vice president owned 6,936 shares of the company’s stock, valued at approximately $2,396,804.16. This trade represents a 24.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bryan J. Young sold 1,314 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $345.71, for a total value of $454,262.94. Following the transaction, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,472,656.95. This represents a 11.57% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 22,315 shares of company stock valued at $7,848,071. 0.23% of the stock is owned by insiders.

Sherwin-Williams Company 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.