The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,422 shares of the specialty chemicals company’s stock after acquiring an additional 3,129 shares during the quarter. Sherwin-Williams comprises approximately 1.4% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 16th largest holding. Bradley Foster & Sargent Inc. CT owned about 0.10% of Sherwin-Williams worth $75,330,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Financial & Tax Architects LLC increased its holdings in Sherwin-Williams by 7.1% in the 2nd quarter. Financial & Tax Architects LLC now owns 18,884 shares of the specialty chemicals company’s stock worth $5,636,000 after buying an additional 1,254 shares during the period. Mutual of America Capital Management LLC increased its holdings in Sherwin-Williams by 3.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 31,882 shares of the specialty chemicals company’s stock worth $9,515,000 after buying an additional 1,006 shares during the period. Pitti Group Wealth Management LLC increased its holdings in Sherwin-Williams by 5.7% in the 2nd quarter. Pitti Group Wealth Management LLC now owns 961 shares of the specialty chemicals company’s stock worth $300,000 after buying an additional 52 shares during the period. Edgestream Partners L.P. increased its holdings in Sherwin-Williams by 5.4% in the 2nd quarter. Edgestream Partners L.P. now owns 24,953 shares of the specialty chemicals company’s stock worth $7,447,000 after buying an additional 1,289 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Sherwin-Williams by 41.2% in the 2nd quarter. Renaissance Technologies LLC now owns 324,100 shares of the specialty chemicals company’s stock worth $96,721,000 after purchasing an additional 94,600 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on SHW shares. UBS Group upped their price objective on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. KeyCorp upped their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research report on Friday, August 30th. The Goldman Sachs Group upped their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley increased their target price on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $362.68.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Price Performance

SHW stock opened at $378.00 on Wednesday. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $382.83. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The stock has a market cap of $95.84 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 2.94 and a beta of 1.17. The business has a fifty day moving average of $349.91 and a two-hundred day moving average of $327.33.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (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 for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the previous year, the firm earned $3.29 EPS. Sherwin-Williams’s revenue was up .5% on a year-over-year basis. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.76%. Sherwin-Williams’s payout ratio is currently 30.49%.

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.