The Sherwin-Williams Company $SHW Stock: Kinsale Capital Group Inc. Boosts Stake

Kinsale Capital Group Inc. boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 36.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,408 shares of the specialty chemicals company’s stock after buying an additional 8,120 shares during the quarter. Kinsale Capital Group Inc.’s holdings in Sherwin-Williams were worth $9,830,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 71 West Capital Partners lifted its position in shares of Sherwin-Williams by 23.4% in the third quarter. 71 West Capital Partners now owns 2,340 shares of the specialty chemicals company’s stock worth $756,000 after purchasing an additional 444 shares in the last quarter. Nemes Rush Group LLC boosted its holdings in Sherwin-Williams by 1.7% during the third quarter. Nemes Rush Group LLC now owns 10,118 shares of the specialty chemicals company’s stock worth $3,271,000 after purchasing an additional 168 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in Sherwin-Williams during the third quarter worth $774,000. M Holdings Securities Inc. bought a new position in Sherwin-Williams in the third quarter valued at $301,000. Finally, Brighton Jones LLC grew its position in Sherwin-Williams by 34.7% in the third quarter. Brighton Jones LLC now owns 2,516 shares of the specialty chemicals company’s stock valued at $813,000 after purchasing an additional 648 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 3,891 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $350.42, for a total value of $1,363,484.22. Following the sale, the senior vice president owned 31,466 shares in the company, valued at $11,026,315.72. This represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Justin Binns sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the sale, the insider directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,315 shares of company stock valued at $7,848,071 in the last three months. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $357.67 on Tuesday. The stock has a market cap of $86.41 billion, a P/E ratio of 32.87, a P/E/G ratio of 3.03 and a beta of 1.05. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.71 and a quick ratio of 0.45. The company has a fifty day moving average price of $329.92 and a two-hundred day moving average price of $333.04. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced 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 net margin of 10.74% and a return on equity of 69.51%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $3.59 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, November 13th. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.41%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SHW shares. KeyCorp assumed coverage on shares of Sherwin-Williams in a research note on Thursday, September 10th. They set a “sector weight” rating for the company. BNP Paribas Exane upped their target price on Sherwin-Williams from $345.00 to $360.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. BMO Capital Markets reissued an “outperform” rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Finally, Barclays set a $329.00 price target on Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $377.29.

About Sherwin-Williams

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.