Kinsale Capital Group Inc. Purchases Shares of 14,828 The Sherwin-Williams Company $SHW

Kinsale Capital Group Inc. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,828 shares of the specialty chemicals company’s stock, valued at approximately $4,805,000.

A number of other institutional investors have also recently made changes to their positions in SHW. Wealthfront Advisers LLC boosted its position in shares of Sherwin-Williams by 26.1% during the 3rd quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock valued at $10,709,000 after purchasing an additional 6,408 shares in the last quarter. Mairs & Power Inc. boosted its position in shares of Sherwin-Williams by 0.7% during the 3rd quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock valued at $160,680,000 after purchasing an additional 3,430 shares in the last quarter. Inscription Capital LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $1,069,000. Westview Management dba Westview Investment Advisors bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $2,655,000. Finally, Compass Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $2,112,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of several research analyst reports. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Wells Fargo & Company cut their target price on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Bank of America cut their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Citigroup cut their target price on Sherwin-Williams from $410.00 to $385.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $375.33.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $300.43 on Friday. The company has a market cap of $74.10 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 2.60 and a beta of 1.16. The Sherwin-Williams Company has a 52 week low of $300.05 and a 52 week high of $379.65. The business has a 50 day moving average price of $323.12 and a 200-day moving average price of $336.79. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.27 by $0.08. The firm had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 11.74 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, June 5th. Stockholders of record on Friday, May 22nd will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.1%. Sherwin-Williams’s dividend payout ratio is currently 30.71%.

Insider Activity

In other news, 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 value of $915,913.11. Following the completion of the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Sherwin-Williams Company Profile

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.