Kirtland Hills Capital Management LLC Has $1.83 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Kirtland Hills Capital Management LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 10.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,384 shares of the specialty chemicals company’s stock after acquiring an additional 509 shares during the period. Sherwin-Williams accounts for about 1.2% of Kirtland Hills Capital Management LLC’s portfolio, making the stock its 22nd largest position. Kirtland Hills Capital Management LLC’s holdings in Sherwin-Williams were worth $1,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FourThought Financial Partners LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at $243,000. Bank of New York Mellon Corp increased its position in Sherwin-Williams by 12.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock worth $586,293,000 after purchasing an additional 187,724 shares during the period. Fairhaven Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $1,544,000. Prasad Wealth Partners LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $369,000. Finally, BankPlus Trust Department acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $120,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SHW. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Morgan Stanley decreased their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $400.59.

Sherwin-Williams Stock Up 2.7 %

SHW stock opened at $353.18 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The business has a 50 day moving average price of $350.43 and a two-hundred day moving average price of $365.62. The company has a market cap of $88.78 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 business earned $1.81 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.89%. The ex-dividend date is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

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.