Kingfisher Capital LLC Raises Stake in The Sherwin-Williams Company (NYSE:SHW)

Kingfisher Capital LLC raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,647 shares of the specialty chemicals company’s stock after acquiring an additional 1,833 shares during the period. Sherwin-Williams makes up about 1.8% of Kingfisher Capital LLC’s portfolio, making the stock its 11th biggest position. Kingfisher Capital LLC’s holdings in Sherwin-Williams were worth $7,880,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SHW. Valued Wealth Advisors LLC grew its position in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 32 shares during the period. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $29,000. GHP Investment Advisors Inc. grew its position in shares of Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Sherwin-Williams in the 3rd quarter worth about $38,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of recent analyst reports. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Jefferies Financial Group upped their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. BMO Capital Markets boosted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company raised their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.47.

Sherwin-Williams Price Performance

NYSE:SHW opened at $393.96 on Friday. The company has a market capitalization of $99.22 billion, a P/E ratio of 39.24, a P/E/G ratio of 3.17 and a beta of 1.17. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 52 week low of $272.34 and a 52 week high of $400.42. The stock’s fifty day moving average is $378.56 and its two-hundred day moving average is $346.30.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the company earned $3.20 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.73%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

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.