Benjamin Edwards Inc. Sells 48 Shares of The Sherwin-Williams Company (NYSE:SHW)

Benjamin Edwards Inc. trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,605 shares of the specialty chemicals company’s stock after selling 48 shares during the period. Benjamin Edwards Inc.’s holdings in Sherwin-Williams were worth $1,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 45 shares during the last quarter. VitalStone Financial LLC raised its stake in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Anfield Capital Management LLC bought a new stake in shares of Sherwin-Williams during the second quarter worth approximately $38,000. Meeder Asset Management Inc. bought a new stake in shares of Sherwin-Williams during the second quarter worth approximately $41,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Sherwin-Williams during the first quarter worth approximately $47,000. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. The Goldman Sachs Group upped their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. UBS Group upped 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. Jefferies Financial Group upped their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, KeyCorp upped their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Stock Performance

Shares of SHW opened at $379.77 on Friday. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $382.83. The firm has a fifty day simple moving average of $352.62 and a 200 day simple moving average of $328.03. The stock has a market capitalization of $95.80 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.98 and a beta of 1.17. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping 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 business had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the prior year, the company posted $3.29 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. Research analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the 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 completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

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.