Regal Investment Advisors LLC Buys 130 Shares of The Sherwin-Williams Company (NYSE:SHW)

Regal Investment Advisors LLC grew its position in The Sherwin-Williams Company (NYSE:SHW) by 5.0% in the second quarter, Holdings Channel reports. The fund owned 2,714 shares of the specialty chemicals company’s stock after acquiring an additional 130 shares during the quarter. Regal Investment Advisors LLC’s holdings in Sherwin-Williams were worth $810,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Waterloo Capital L.P. acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $360,000. Valeo Financial Advisors LLC raised its position in Sherwin-Williams by 7.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after purchasing an additional 193 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in 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 worth $532,000 after buying an additional 103 shares during the period. Brevan Howard Capital Management LP grew its position 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 valued at $2,183,000 after buying an additional 5,049 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its stake in shares of Sherwin-Williams by 24.1% in the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after buying an additional 1,514 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of several analyst reports. Jefferies Financial Group upped their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. 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 note on Monday. Barclays boosted their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. 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, StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, six have given 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $370.39.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $380.63 on Wednesday. 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 fifty day simple moving average of $361.59 and a two-hundred day simple moving average of $330.33. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $385.25. The firm has a market capitalization of $96.02 billion, a PE ratio of 40.58, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the firm posted $3.29 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction on Friday, August 30th. The stock was 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 directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by insiders.

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.