Embree Financial Group Purchases New Shares in The Sherwin-Williams Company (NYSE:SHW)

Embree Financial Group acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 537 shares of the specialty chemicals company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NBC Securities Inc. grew its holdings in shares of Sherwin-Williams by 9.6% during the 1st quarter. NBC Securities Inc. now owns 1,280 shares of the specialty chemicals company’s stock worth $444,000 after acquiring an additional 112 shares during the period. Park Avenue Securities LLC raised its holdings in Sherwin-Williams by 11.6% in the first quarter. Park Avenue Securities LLC now owns 4,331 shares of the specialty chemicals company’s stock worth $1,504,000 after purchasing an additional 449 shares in the last quarter. &PARTNERS purchased a new position in Sherwin-Williams during the first quarter valued at $321,000. Ballentine Partners LLC boosted its holdings in shares of Sherwin-Williams by 23.7% during the 1st quarter. Ballentine Partners LLC now owns 3,407 shares of the specialty chemicals company’s stock valued at $1,183,000 after buying an additional 652 shares in the last quarter. Finally, City Holding Co. grew its position in shares of Sherwin-Williams by 3.0% in the 1st quarter. City Holding Co. now owns 1,861 shares of the specialty chemicals company’s stock worth $646,000 after buying an additional 55 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SHW has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley boosted their price target on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group raised their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Jefferies Financial Group boosted their target price on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Barclays lifted their price target on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.35.

Sherwin-Williams Trading Down 0.2 %

Shares of SHW stock opened at $388.36 on Friday. The stock has a market capitalization of $97.97 billion, a P/E ratio of 39.59, a P/E/G ratio of 3.01 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $392.57. 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’s 50 day moving average is $370.58 and its 200 day moving average is $333.88.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates 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 for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.29 EPS. Research analysts expect that The Sherwin-Williams Company will post 11.5 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 29.15%.

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.