The Sherwin-Williams Company $SHW Shares Bought by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 36.4% in the third quarter, according to the company in its most recent 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 SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SHW. Milestone Asset Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter worth approximately $3,153,000. Caisse de depot et placement du Quebec bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $5,473,000. William John Sempolinski bought a new stake in Sherwin-Williams during the second quarter worth about $2,456,000. BlackRock Inc. bought a new stake in shares of Sherwin-Williams during the 2nd quarter worth approximately $6,100,083,000. Finally, First Citizens Bank & Trust Co. lifted its stake in Sherwin-Williams by 421.7% during the third quarter. First Citizens Bank & Trust Co. now owns 4,309 shares of the specialty chemicals company’s stock worth $1,393,000 after purchasing an additional 3,483 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 3.9%

Shares of Sherwin-Williams stock opened at $357.67 on Tuesday. The firm’s 50 day moving average is $329.92 and its 200 day moving average is $333.04. The firm has a market capitalization of $86.41 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 3.03 and a beta of 1.05. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 2.00.

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

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders 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 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. DA Davidson set a $390.00 target price on Sherwin-Williams and gave the company a “buy” rating in a report on Wednesday, October 28th. Guggenheim reissued a “buy” rating and set a $375.00 price target (down from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 28th. JPMorgan Chase & Co. dropped their price objective on Sherwin-Williams from $380.00 to $375.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Weiss Ratings lowered Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Sherwin-Williams from $355.00 to $375.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.29.

Insider Activity at Sherwin-Williams

In other news, CAO James P. Lang sold 1,309 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $361.91, for a total value of $473,740.19. Following the completion of the transaction, the chief accounting officer directly owned 861 shares in the company, valued at approximately $311,604.51. This represents a 60.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bryan Young sold 1,314 shares of the stock in a transaction 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 completion of the transaction, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,472,656.95. The trade was a 11.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 22,315 shares of company stock valued at $7,848,071. 0.23% of the stock is owned by company insiders.

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.