Surience Private Wealth LLC Buys Shares of 10,647 The Sherwin-Williams Company (NYSE:SHW)

Surience Private Wealth LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,647 shares of the specialty chemicals company’s stock, valued at approximately $4,064,000. Sherwin-Williams comprises 4.2% of Surience Private Wealth LLC’s investment portfolio, making the stock its 8th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. Park Avenue Securities LLC increased its position in shares of Sherwin-Williams by 11.6% during the first quarter. Park Avenue Securities LLC now owns 4,331 shares of the specialty chemicals company’s stock worth $1,504,000 after buying an additional 449 shares during the period. &PARTNERS acquired a new stake in Sherwin-Williams during the 1st quarter worth about $321,000. Northwest Investment Counselors LLC bought a new position in shares of Sherwin-Williams in the 1st quarter worth about $47,000. Global Assets Advisory LLC acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at about $8,222,000. Finally, Riverview Trust Co acquired a new stake in Sherwin-Williams during the first quarter worth approximately $119,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BMO Capital Markets boosted their price target on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. The Goldman Sachs Group upped their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Morgan Stanley increased their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Robert W. Baird lifted their price objective on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve 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 presently has an average rating of “Moderate Buy” and an average target price of $383.35.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW traded down $13.71 during trading on Tuesday, reaching $368.04. 1,740,049 shares of the company were exchanged, compared to its average volume of 1,529,626. The company’s 50-day moving average is $371.35 and its two-hundred day moving average is $334.24. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $392.57. The company has a market cap of $92.84 billion, a price-to-earnings ratio of 38.91, a P/E/G ratio of 3.04 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the firm earned $3.29 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts forecast that The Sherwin-Williams Company will post 11.49 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.78%. Sherwin-Williams’s dividend payout ratio is presently 29.15%.

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.