Mutual Advisors LLC Purchases 96 Shares of The Sherwin-Williams Company $SHW

Mutual Advisors LLC raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 873 shares of the specialty chemicals company’s stock after acquiring an additional 96 shares during the quarter. Mutual Advisors LLC’s holdings in Sherwin-Williams were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. boosted its holdings in shares of Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 34 shares during the period. Synergy Investment Management LLC boosted its holdings in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams in the first quarter worth $30,000. Saudi Central Bank bought a new position in shares of Sherwin-Williams in the first quarter worth $33,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Sherwin-Williams in the first quarter worth $33,000. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on SHW shares. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. UBS Group reaffirmed a “buy” rating and issued a $400.00 price target (up from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. Finally, Bank of America lowered their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $387.13.

Insider Activity

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Down 0.0%

Shares of SHW stock opened at $330.72 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a market capitalization of $82.46 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The business’s fifty day moving average is $352.74 and its 200 day moving average is $347.94.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter last year, the business posted $3.70 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

About Sherwin-Williams

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.