Valeo Financial Advisors LLC Buys 232 Shares of The Sherwin-Williams Company (NYSE:SHW)

Valeo Financial Advisors LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,868 shares of the specialty chemicals company’s stock after purchasing an additional 232 shares during the period. Valeo Financial Advisors LLC’s holdings in Sherwin-Williams were worth $1,095,000 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 boosted its position in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. lifted its stake in shares of Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares during the period. VitalStone Financial LLC boosted its position in shares of 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 purchasing an additional 77 shares in the last quarter. Anfield Capital Management LLC purchased a new stake in Sherwin-Williams in the second quarter worth $38,000. Finally, Northwest Investment Counselors LLC bought a new position in Sherwin-Williams in the first quarter worth $47,000. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SHW shares. 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. Barclays upped their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. UBS Group upped their price target on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $370.39.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $378.99 on Monday. 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 has a 50 day moving average price of $366.02 and a 200-day moving average price of $332.19. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $385.25. The firm has a market capitalization of $95.60 billion, a PE ratio of 38.63, a P/E/G ratio of 2.95 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 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.5 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s payout ratio is 29.15%.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction 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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Company 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.