Benjamin F. Edwards & Company Inc. Purchases 1,411 Shares of The Sherwin-Williams Company (NYSE:SHW)

Benjamin F. Edwards & Company Inc. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,367 shares of the specialty chemicals company’s stock after buying an additional 1,411 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Sherwin-Williams were worth $34,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SHW. HHM Wealth Advisors LLC grew 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 valued at $27,000 after purchasing an additional 45 shares during the last quarter. VitalStone Financial LLC grew 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 valued at $33,000 after purchasing 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 valued at approximately $38,000. Meeder Asset Management Inc. bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $41,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $47,000. 77.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SHW shares. BMO Capital Markets reissued an “outperform” rating and set a $400.00 price target (up from $386.00) on shares of Sherwin-Williams in a research note on Wednesday, September 4th. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Wells Fargo & Company raised their price objective on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Morgan Stanley raised their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

Insider Buying and Selling

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’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 completion of the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Up 1.2 %

Shares of NYSE: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 company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The company’s fifty day simple moving average is $352.62 and its 200 day simple moving average is $328.03. The firm has a market cap of $95.80 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.98 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the business posted $3.29 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors 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 0.75%. Sherwin-Williams’s payout ratio is 30.49%.

Sherwin-Williams Company 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.