Capital Advisors Ltd. LLC Boosts Holdings in The Sherwin-Williams Company (NYSE:SHW)

Capital Advisors Ltd. LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the third quarter, HoldingsChannel.com reports. The firm owned 1,201 shares of the specialty chemicals company’s stock after acquiring an additional 28 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Sherwin-Williams were worth $458,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. raised its position in Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares during the last quarter. VitalStone Financial LLC lifted its stake in Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 77 shares during the period. GHP Investment Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares during the last quarter. Finally, Anfield Capital Management LLC purchased a new position in shares of Sherwin-Williams during the second quarter valued at approximately $38,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 0.7 %

NYSE SHW opened at $359.04 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $392.57. The stock’s 50 day moving average is $372.00 and its 200 day moving average is $335.02. The stock has a market cap of $91.03 billion, a PE ratio of 38.28, a P/E/G ratio of 2.87 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $3.20 earnings per share. Research analysts predict that The Sherwin-Williams Company will post 11.31 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is presently 30.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SHW shares. Wells Fargo & Company raised their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Evercore ISI cut their price objective on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday. Robert W. Baird increased their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.29.

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.