Kerusso Capital Management LLC Invests $2.23 Million in The Sherwin-Williams Company (NYSE:SHW)

Kerusso Capital Management LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,851 shares of the specialty chemicals company’s stock, valued at approximately $2,233,000.

A number of other institutional investors have also recently made changes to their positions in the business. Lindbrook Capital LLC increased its position in shares of Sherwin-Williams by 5.7% during the third quarter. Lindbrook Capital LLC now owns 904 shares of the specialty chemicals company’s stock worth $345,000 after acquiring an additional 49 shares during the period. Assetmark Inc. increased its holdings in Sherwin-Williams by 5.5% during the 3rd quarter. Assetmark Inc. now owns 7,906 shares of the specialty chemicals company’s stock worth $3,018,000 after purchasing an additional 411 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Sherwin-Williams in the 3rd quarter valued at about $1,873,000. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Sherwin-Williams by 9.1% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 75,742 shares of the specialty chemicals company’s stock worth $28,887,000 after buying an additional 6,312 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Sherwin-Williams in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Morgan Stanley raised their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Citigroup decreased their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Robert W. Baird increased their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $396.47.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded up $2.67 on Friday, reaching $386.67. 2,209,492 shares of the stock were exchanged, compared to its average volume of 1,642,280. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $97.38 billion, a PE ratio of 38.51, a PEG ratio of 3.07 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $251.69 and a 1-year high of $392.57. The business has a fifty day moving average price of $374.21 and a two-hundred day moving average price of $338.89.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the business earned $3.20 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.32 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 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % 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. Insiders own 0.60% of the company’s stock.

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.