Larson Financial Group LLC Grows Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Larson Financial Group LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 176.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,065 shares of the specialty chemicals company’s stock after acquiring an additional 680 shares during the period. Larson Financial Group LLC’s holdings in Sherwin-Williams were worth $406,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC grew its stake in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 32 shares during the last quarter. HHM Wealth Advisors LLC grew its position 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 valued at $27,000 after purchasing an additional 45 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $29,000. Semmax Financial Advisors Inc. increased its stake in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares in the last quarter. Finally, VitalStone Financial LLC raised its position in shares of Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $396.14 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The Sherwin-Williams Company has a 12 month low of $272.34 and a 12 month high of $400.31. The company has a market cap of $99.77 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 3.13 and a beta of 1.17. The stock’s 50-day moving average is $377.90 and its 200-day moving average is $345.63.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the firm earned $3.20 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.72%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SHW shares. Royal Bank of Canada dropped their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company boosted their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Citigroup decreased their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Morgan Stanley boosted their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One equities 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Insider Activity at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

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.