SeaCrest Wealth Management LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 372 shares of the specialty chemicals company’s stock, valued at approximately $259,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kessler Investment Group LLC boosted its position in The Sherwin-Williams by 66.7% during the third quarter. Kessler Investment Group LLC now owns 50 shares of the specialty chemicals company’s stock worth $35,000 after acquiring an additional 20 shares during the last quarter. Private Ocean LLC acquired a new stake in The Sherwin-Williams during the third quarter worth approximately $36,000. Evolution Wealth Advisors LLC boosted its position in The Sherwin-Williams by 235.3% during the third quarter. Evolution Wealth Advisors LLC now owns 57 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 40 shares during the last quarter. Holloway Wealth Management LLC acquired a new stake in The Sherwin-Williams during the third quarter worth approximately $42,000. Finally, AJO LP acquired a new position in shares of The Sherwin-Williams in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 75.16% of the company’s stock.
SHW has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of The Sherwin-Williams from a “buy” rating to a “hold” rating and set a $742.00 price target on the stock. in a report on Tuesday, September 29th. KeyCorp started coverage on shares of The Sherwin-Williams in a research note on Thursday, September 10th. They issued an “overweight” rating and a $805.00 target price on the stock. Credit Suisse Group raised their target price on shares of The Sherwin-Williams from $765.00 to $778.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Smith Barney Citigroup lifted their price target on shares of The Sherwin-Williams from $800.00 to $818.00 in a report on Wednesday, October 28th. Finally, The Goldman Sachs Group lowered shares of The Sherwin-Williams from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $707.76.
NYSE:SHW opened at $731.25 on Friday. The stock has a market cap of $66.42 billion, a P/E ratio of 38.98, a PEG ratio of 3.03 and a beta of 1.14. The Sherwin-Williams Company has a one year low of $325.43 and a one year high of $758.00. The company has a fifty day moving average price of $705.74 and a 200 day moving average price of $646.89. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.10 and a quick ratio of 0.69.
The Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 27th. The specialty chemicals company reported $8.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $7.80 by $0.49. The Sherwin-Williams had a net margin of 9.83% and a return on equity of 53.67%. The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the company earned $6.65 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 23.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 12th. The Sherwin-Williams’s dividend payout ratio is currently 25.38%.
In other news, CEO John G. Morikis sold 22,282 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $670.19, for a total value of $14,933,173.58. Following the transaction, the chief executive officer now owns 125,306 shares of the company’s stock, valued at approximately $83,978,828.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aaron M. Erter sold 7,420 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $673.47, for a total transaction of $4,997,147.40. Following the completion of the transaction, the insider now directly owns 4,506 shares in the company, valued at approximately $3,034,655.82. The disclosure for this sale can be found here. Insiders sold a total of 74,266 shares of company stock worth $50,674,133 in the last ninety days. Insiders own 0.55% of the company’s stock.
The Sherwin-Williams Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
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