B. Riley Wealth Advisors Inc. Has $2.96 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

B. Riley Wealth Advisors Inc. reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,930 shares of the specialty chemicals company’s stock after selling 2,031 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Sherwin-Williams were worth $2,964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Regal Investment Advisors LLC raised its position in shares of Sherwin-Williams by 5.0% during the second quarter. Regal Investment Advisors LLC now owns 2,714 shares of the specialty chemicals company’s stock worth $810,000 after purchasing an additional 130 shares during the period. Quarry LP increased its position in shares of Sherwin-Williams by 436.9% during the second quarter. Quarry LP now owns 451 shares of the specialty chemicals company’s stock worth $135,000 after acquiring an additional 367 shares in the last quarter. Copperwynd Financial LLC raised its holdings in shares of Sherwin-Williams by 7.6% in the 2nd quarter. Copperwynd Financial LLC now owns 722 shares of the specialty chemicals company’s stock worth $215,000 after acquiring an additional 51 shares during the last quarter. Kathmere Capital Management LLC lifted its position in Sherwin-Williams by 133.4% in the 2nd quarter. Kathmere Capital Management LLC now owns 2,054 shares of the specialty chemicals company’s stock valued at $613,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in Sherwin-Williams during the 2nd quarter valued at about $287,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.3 %

SHW stock opened at $380.63 on Wednesday. The stock has a fifty day moving average of $361.59 and a 200-day moving average of $330.33. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $385.25. The company has a market capitalization of $96.02 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 3.01 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping 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 firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the business earned $3.29 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities research analysts predict that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $0.715 per share. 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 0.75%. Sherwin-Williams’s payout ratio is 30.49%.

Insiders Place Their Bets

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction 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 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of a number of recent research reports. KeyCorp raised their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company upped their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. UBS Group raised their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Evercore ISI upped their price objective 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $370.39.

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.