Atomi Financial Group Inc. Raises Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Atomi Financial Group Inc. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,836 shares of the specialty chemicals company’s stock after acquiring an additional 615 shares during the quarter. Atomi Financial Group Inc.’s holdings in Sherwin-Williams were worth $1,846,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SHW. Valeo Financial Advisors LLC boosted its holdings in shares of Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after buying an additional 193 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Sherwin-Williams by 7.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock valued at $532,000 after acquiring an additional 103 shares during the period. Brevan Howard Capital Management LP increased its stake in shares of Sherwin-Williams by 259.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after purchasing an additional 5,049 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in Sherwin-Williams by 24.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after purchasing an additional 1,514 shares during the period. Finally, Park Avenue Securities LLC lifted its position in Sherwin-Williams by 11.6% during the first quarter. Park Avenue Securities LLC now owns 4,331 shares of the specialty chemicals company’s stock valued at $1,504,000 after purchasing an additional 449 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SHW shares. Morgan Stanley raised their price objective on Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Robert W. Baird raised their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. UBS Group upped their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Jefferies Financial Group increased their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $370.39.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $373.40 on Wednesday. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $385.25. 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 firm’s fifty day moving average is $363.87 and its 200 day moving average is $331.25. The company has a market cap of $94.68 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 2.97 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its 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. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.29 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.77%. 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.