Prime Capital Investment Advisors LLC Acquires 769 Shares of The Sherwin-Williams Company (NYSE:SHW)

Prime Capital Investment Advisors LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,191 shares of the specialty chemicals company’s stock after purchasing an additional 769 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Sherwin-Williams were worth $5,798,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. PineStone Asset Management Inc. lifted its position in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after purchasing an additional 917,979 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Sherwin-Williams by 610.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after purchasing an additional 898,143 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Sherwin-Williams by 40,317.4% during the third quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after acquiring an additional 724,907 shares in the last quarter. Jensen Investment Management Inc. bought a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $169,770,000. Finally, 1832 Asset Management L.P. lifted its position in Sherwin-Williams by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock valued at $422,654,000 after buying an additional 496,326 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Activity

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 1.4 %

SHW stock opened at $383.67 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The company has a market cap of $96.63 billion, a P/E ratio of 38.21, a P/E/G ratio of 3.14 and a beta of 1.17. The Sherwin-Williams Company has a 52 week low of $252.75 and a 52 week high of $392.57. The company’s 50-day moving average price is $374.60 and its 200 day moving average price is $339.99.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The company had revenue of $6.16 billion during 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%. Sherwin-Williams’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.20 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share 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. Stockholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SHW. Evercore ISI upped their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Barclays lifted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Finally, Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Company 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.