Kestra Investment Management LLC Has $85,000 Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Kestra Investment Management LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 57.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 251 shares of the specialty chemicals company’s stock after selling 344 shares during the period. Kestra Investment Management LLC’s holdings in Sherwin-Williams were worth $85,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares during the last quarter. First Personal Financial Services bought a new position in Sherwin-Williams during the third quarter valued at about $29,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams during the third quarter valued at about $32,000. GHP Investment Advisors Inc. increased its stake in Sherwin-Williams by 47.5% during the third 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. Finally, Sierra Ocean LLC bought a new position in Sherwin-Williams during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the sale, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $349.85 on Friday. The firm’s 50-day moving average price is $351.44 and its 200-day moving average price is $365.20. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The firm has a market capitalization of $88.11 billion, a P/E ratio of 33.16, a P/E/G ratio of 3.04 and a beta of 1.22. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is presently 27.11%.

Analysts Set New Price Targets

SHW has been the topic of several analyst reports. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Morgan Stanley lowered their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Mizuho lowered their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Citigroup lowered their price objective on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

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.