Capital International Inc. CA Purchases 8,530 Shares of The Sherwin-Williams Company $SHW

Key Points

• Capital International Inc. CA boosted its stake in The Sherwin‑Williams Company by 18.1%, acquiring 8,530 shares to hold 55,784 shares worth about $19.32 million after the 3rd-quarter 13F filing.
• Insiders have been selling recently—Colin M. Davie sold 2,976 shares and SVP Bryan J. Young sold 2,513 shares—leaving insider ownership at about 0.60% while institutional ownership is roughly 77.7%.
• Sherwin‑Williams beat quarterly EPS and revenue estimates, raised its quarterly dividend to $0.80 (annualized $3.20, ~1.0% yield), and holds a consensus analyst rating of "Moderate Buy" with a $388.21 target.

Capital International Inc. CA grew its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 18.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,784 shares of the specialty chemicals company's stock after purchasing an additional 8,530 shares during the quarter. Capital International Inc. CA's holdings in Sherwin-Williams were worth $19,316,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Modera Wealth Management LLC grew its holdings in Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company's stock valued at $435,000 after buying an additional 29 shares in the last quarter. Richard W. Paul & Associates LLC grew its stake in shares of Sherwin-Williams by 1.6% in the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company's stock valued at $647,000 after acquiring an additional 30 shares in the last quarter. 17 Capital Partners LLC increased its position in Sherwin-Williams by 0.9% during the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company's stock worth $1,147,000 after acquiring an additional 31 shares during the period. Alpine Bank Wealth Management boosted its holdings in Sherwin-Williams by 4.1% in the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company's stock valued at $270,000 after purchasing an additional 31 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of Sherwin-Williams by 1.9% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,680 shares of the specialty chemicals company's stock worth $577,000 after purchasing an additional 32 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares of the company's stock, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares of the company's stock, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Trading Down 0.8%

Shares of SHW stock opened at $330.57 on Wednesday. The stock's fifty day moving average price is $352.42 and its two-hundred day moving average price is $345.21. The company has a market cap of $81.77 billion, a PE ratio of 32.19, a P/E/G ratio of 2.89 and a beta of 1.25. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion during the quarter, compared to analysts' expectations of $5.57 billion. During the same quarter in the previous year, the firm earned $2.09 EPS. Sherwin-Williams's revenue was up 5.6% on a year-over-year basis. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams's payout ratio is presently 31.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an "outperform" rating in a research report on Friday, January 30th. Vertical Research raised Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 price target on the stock in a research report on Wednesday, January 7th. Mizuho raised their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 price objective for the company. in a report on Thursday, January 22nd. Finally, Citigroup reiterated a "buy" rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $388.21.

About Sherwin-Williams

Sherwin-Williams NYSE: SHW is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.

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