The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,425 shares of the specialty chemicals company’s stock after acquiring an additional 200 shares during the period. Gabelli Funds LLC’s holdings in Sherwin-Williams were worth $4,603,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC raised its stake in shares of 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 in the last quarter. VitalStone Financial LLC raised its stake in 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 buying an additional 77 shares in the last quarter. Anfield Capital Management LLC bought a new position in Sherwin-Williams during the 2nd quarter worth approximately $38,000. Northwest Investment Counselors LLC acquired a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $47,000. Finally, Rise Advisors LLC grew its position in shares of Sherwin-Williams by 1,154.5% in the 1st quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 127 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Evercore ISI raised their price target 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. UBS Group lifted their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. BMO Capital Markets reiterated an “outperform” rating and set a $400.00 price objective (up previously from $386.00) on shares of Sherwin-Williams in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company lifted their target price on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’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 value of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 0.1 %

Sherwin-Williams stock opened at $381.56 on Wednesday. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $383.70. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The stock has a market capitalization of $96.25 billion, a PE ratio of 40.68, a price-to-earnings-growth ratio of 3.00 and a beta of 1.17. The firm has a 50 day simple moving average of $356.19 and a 200-day simple moving average of $328.77.

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

Sherwin-Williams Announces Dividend

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

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.