King Luther Capital Management Corp Raises Position in The Sherwin-Williams Company (NYSE:SHW)

King Luther Capital Management Corp lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,806 shares of the specialty chemicals company's stock after buying an additional 22,349 shares during the period. King Luther Capital Management Corp owned about 0.10% of Sherwin-Williams worth $94,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Griffin Asset Management Inc. grew its position in Sherwin-Williams by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock worth $3,548,000 after purchasing an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Sherwin-Williams by 2.4% in the third quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock valued at $458,000 after acquiring an additional 28 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after purchasing an additional 28 shares during the period. Allworth Financial LP increased its position in shares of Sherwin-Williams by 1.8% during the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock valued at $595,000 after purchasing an additional 28 shares during the last quarter. Finally, First Interstate Bank boosted its holdings in shares of Sherwin-Williams by 1.9% in the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after buying an additional 28 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 0.5 %

NYSE SHW opened at $371.66 on Thursday. The stock's 50 day moving average is $376.69 and its 200 day moving average is $343.40. 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 firm has a market capitalization of $93.60 billion, a PE ratio of 37.02, a P/E/G ratio of 3.01 and a beta of 1.17. The Sherwin-Williams Company has a twelve month low of $270.95 and a twelve month 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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the firm posted $3.20 EPS. The business's quarterly revenue was up .7% on a year-over-year basis. Research analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.77%. Sherwin-Williams's payout ratio is 28.49%.

Insider Transactions at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company's stock, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SHW. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. StockNews.com raised Sherwin-Williams from a "hold" rating to a "buy" rating in a report on Wednesday. The Goldman Sachs Group increased their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Citigroup cut 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $396.47.

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.

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