The Sherwin-Williams Company (NYSE:SHW) Stock Position Raised by Advisory Alpha LLC

Advisory Alpha LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 0.6% in the 2nd quarter, Holdings Channel reports. The fund owned 5,585 shares of the specialty chemicals company’s stock after buying an additional 36 shares during the period. Advisory Alpha LLC’s holdings in Sherwin-Williams were worth $1,667,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Conning Inc. lifted its position in shares of Sherwin-Williams by 1.9% in the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after acquiring an additional 30 shares in the last quarter. Oxbow Advisors LLC lifted its position in Sherwin-Williams by 4.5% in the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after buying an additional 30 shares in the last quarter. Global X Japan Co. Ltd. lifted its position in Sherwin-Williams by 2.2% in the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock worth $419,000 after buying an additional 30 shares in the last quarter. Optas LLC lifted its position in Sherwin-Williams by 1.3% in the 2nd quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock worth $723,000 after buying an additional 32 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in Sherwin-Williams by 2.9% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $380.63 on Wednesday. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $385.25. The firm’s fifty day simple moving average is $361.59 and its 200 day simple moving average is $330.33. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $96.02 billion, a PE ratio of 40.58, a PEG ratio of 3.01 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating 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 EPS. Sherwin-Williams’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird increased their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Barclays increased their target price 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. The Goldman Sachs Group raised their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, KeyCorp raised their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.39.

Insiders Place Their Bets

In other Sherwin-Williams 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

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.