Legacy Financial Advisors Inc. Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Legacy Financial Advisors Inc. lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,193 shares of the specialty chemicals company’s stock after purchasing an additional 39 shares during the period. Legacy Financial Advisors Inc.’s holdings in Sherwin-Williams were worth $356,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SHW. HHM Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 102.3% in 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 period. VitalStone Financial LLC lifted its stake in shares of 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 period. 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 purchased a new stake in Sherwin-Williams in the first quarter worth $47,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.3 %

Shares of Sherwin-Williams stock opened at $378.52 on Friday. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve 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 50 day moving average is $353.82 and its 200 day moving average is $328.28. The company has a market cap of $95.97 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17.

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

Sherwin-Williams Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHW. Wells Fargo & Company boosted their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday. Evercore ISI upped their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Jefferies Financial Group lifted their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $400.00 target price (up from $386.00) on shares of Sherwin-Williams in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $362.68.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.

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.