Trivant Custom Portfolio Group LLC Purchases 3,675 Shares of The Sherwin-Williams Company (NYSE:SHW)

Trivant Custom Portfolio Group LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 600.5% in the third quarter, Holdings Channel.com reports. The firm owned 4,287 shares of the specialty chemicals company’s stock after acquiring an additional 3,675 shares during the period. Trivant Custom Portfolio Group LLC’s holdings in Sherwin-Williams were worth $1,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in Sherwin-Williams by 13.2% in the third quarter. SG Americas Securities LLC now owns 41,352 shares of the specialty chemicals company’s stock valued at $15,783,000 after acquiring an additional 4,822 shares during the last quarter. Unique Wealth LLC bought a new position in shares of Sherwin-Williams in the 3rd quarter worth $239,000. Czech National Bank boosted its position in shares of Sherwin-Williams by 6.4% in the 3rd quarter. Czech National Bank now owns 47,276 shares of the specialty chemicals company’s stock worth $18,044,000 after purchasing an additional 2,825 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Sherwin-Williams during the third quarter worth $468,000. Finally, JLB & Associates Inc. lifted its stake in Sherwin-Williams by 9.1% in the third quarter. JLB & Associates Inc. now owns 36,480 shares of the specialty chemicals company’s stock valued at $13,923,000 after buying an additional 3,047 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $1.80 on Friday, hitting $371.30. The company’s stock had a trading volume of 883,705 shares, compared to its average volume of 1,211,782. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $385.25. The firm has a market capitalization of $93.66 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 2.97 and a beta of 1.17. The stock has a fifty day moving average of $363.56 and a two-hundred day moving average of $331.21. 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 posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the prior year, the business earned $3.29 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.77%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SHW shares. UBS Group boosted their price objective 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 upped their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Evercore ISI lifted their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. The Goldman Sachs Group increased their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted 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 report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $370.39.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.