Captrust Financial Advisors Buys 3,232 Shares of The Sherwin-Williams Company (NYSE:SHW)

Captrust Financial Advisors grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 14.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,571 shares of the specialty chemicals company's stock after purchasing an additional 3,232 shares during the quarter. Captrust Financial Advisors' holdings in Sherwin-Williams were worth $9,760,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Kingfisher Capital LLC grew its position in Sherwin-Williams by 9.7% during the 3rd quarter. Kingfisher Capital LLC now owns 20,647 shares of the specialty chemicals company's stock worth $7,880,000 after acquiring an additional 1,833 shares during the last quarter. Skye Global Management LP purchased a new stake in shares of Sherwin-Williams during the third quarter valued at approximately $802,000. Rockefeller Capital Management L.P. grew its holdings in shares of Sherwin-Williams by 0.6% in the third quarter. Rockefeller Capital Management L.P. now owns 69,546 shares of the specialty chemicals company's stock worth $26,541,000 after purchasing an additional 415 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in Sherwin-Williams by 55.4% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 22,534 shares of the specialty chemicals company's stock valued at $8,601,000 after buying an additional 8,038 shares during the last quarter. Finally, Financial Counselors Inc. boosted its position in Sherwin-Williams by 6.6% during the 3rd quarter. Financial Counselors Inc. now owns 26,133 shares of the specialty chemicals company's stock valued at $9,974,000 after buying an additional 1,625 shares during the period. Institutional investors own 77.67% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $971,185.95. Following 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction 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 $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on SHW. Robert W. Baird upped their price objective 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. Morgan Stanley increased their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. KeyCorp reissued a "sector weight" rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Royal Bank of Canada dropped their price target on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Citigroup cut their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $396.47.

Sherwin-Williams Stock Down 0.4 %

Shares of NYSE:SHW traded down $1.73 during trading on Monday, reaching $395.67. 1,538,704 shares of the stock traded hands, compared to its average volume of 1,646,726. The stock has a market cap of $99.65 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 3.20 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The stock has a 50-day moving average of $378.94 and a two-hundred day moving average of $347.31. The Sherwin-Williams Company has a 52-week low of $278.45 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) 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 return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the business posted $3.20 EPS. The firm's revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts expect 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 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. This represents a $2.86 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams's dividend payout ratio is currently 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.