Kerusso Capital Management LLC Acquires Shares of 5,851 The Sherwin-Williams Company (NYSE:SHW)

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

A number of other institutional investors and hedge funds have also modified their holdings of SHW. Lindbrook Capital LLC increased its stake in shares of Sherwin-Williams by 5.7% in the third quarter. Lindbrook Capital LLC now owns 904 shares of the specialty chemicals company's stock worth $345,000 after purchasing an additional 49 shares during the period. Assetmark Inc. grew its holdings in Sherwin-Williams by 5.5% in the 3rd quarter. Assetmark Inc. now owns 7,906 shares of the specialty chemicals company's stock valued at $3,018,000 after buying an additional 411 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Sherwin-Williams in the 3rd quarter worth approximately $1,873,000. AEGON ASSET MANAGEMENT UK Plc lifted its holdings 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 last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $38,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. KeyCorp reaffirmed a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. Finally, Robert W. Baird lifted their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $396.47.

Insiders Place Their Bets

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares of the company's stock, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

NYSE:SHW traded up $2.67 on Friday, reaching $386.67. The stock had a trading volume of 2,209,492 shares, compared to its average volume of 1,642,280. The company has a market capitalization of $97.38 billion, a P/E ratio of 38.51, a price-to-earnings-growth ratio of 3.07 and a beta of 1.17. The stock has a fifty day moving average price of $374.21 and a 200-day moving average price of $338.89. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 1-year low of $251.69 and a 1-year high of $392.57.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its 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 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 analyst estimates of $6.20 billion. During the same period in the previous year, the firm earned $3.20 earnings per share. The firm's revenue was up .7% compared to the same quarter last year. Research analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.

Sherwin-Williams Profile

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.