Meeder Asset Management Inc. Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Meeder Asset Management Inc. acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 138 shares of the specialty chemicals company’s stock, valued at approximately $41,000.

Other hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its stake in Sherwin-Williams by 102.3% in the 2nd 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. VitalStone Financial LLC lifted its stake in Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Anfield Capital Management LLC acquired a new stake in Sherwin-Williams in the 2nd quarter valued at about $38,000. Northwest Investment Counselors LLC acquired a new stake in Sherwin-Williams in the 1st quarter valued at about $47,000. Finally, Rise Advisors LLC lifted its stake in Sherwin-Williams by 1,154.5% in the 1st quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays raised their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Evercore ISI raised their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group raised their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $375.40 on Monday. The firm has a market cap of $94.70 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.17. The firm’s fifty day moving average is $346.75 and its 200-day moving average is $326.70. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $378.86.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. Sherwin-Williams’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.29 earnings per share. Sell-side analysts predict that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction on 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 in the company, valued at $23,301,041.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

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.