Solstein Capital LLC Buys 208 Shares of The Sherwin-Williams Company $SHW

Solstein Capital LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 358.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 266 shares of the specialty chemicals company’s stock after buying an additional 208 shares during the quarter. Solstein Capital LLC’s holdings in Sherwin-Williams were worth $91,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. grew its holdings in Sherwin-Williams by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,082,003 shares of the specialty chemicals company’s stock worth $371,516,000 after buying an additional 19,618 shares in the last quarter. Chilton Capital Management LLC grew its holdings in Sherwin-Williams by 1,333.3% during the second quarter. Chilton Capital Management LLC now owns 215 shares of the specialty chemicals company’s stock worth $74,000 after buying an additional 200 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Sherwin-Williams by 1.0% during the second quarter. Nisa Investment Advisors LLC now owns 98,602 shares of the specialty chemicals company’s stock worth $33,856,000 after buying an additional 943 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Sherwin-Williams by 5.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,825 shares of the specialty chemicals company’s stock worth $3,717,000 after buying an additional 552 shares in the last quarter. Finally, MQS Management LLC bought a new stake in Sherwin-Williams during the second quarter worth $335,000. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares of the company’s stock, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Up 0.6%

Shares of NYSE SHW opened at $333.64 on Monday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The business’s fifty day moving average price is $350.33 and its 200-day moving average price is $348.30. The stock has a market capitalization of $83.19 billion, a PE ratio of 33.10, a P/E/G ratio of 3.13 and a beta of 1.20.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is currently 31.35%.

Analyst Ratings Changes

SHW has been the subject of several recent research reports. UBS Group reiterated a “buy” rating and set a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. BMO Capital Markets cut their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI boosted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. cut their price objective on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Finally, Citigroup reissued a “neutral” rating and issued a $380.00 price objective (up previously from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $387.13.

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.