The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,839 shares of the specialty chemicals company’s stock after acquiring an additional 585 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sherwin-Williams were worth $10,625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. HHM Wealth Advisors LLC increased its stake 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 worth $27,000 after buying an additional 45 shares during the period. Semmax Financial Advisors Inc. increased its stake in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares during the period. VitalStone Financial LLC increased its stake in Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares during the period. GHP Investment Advisors Inc. increased its stake in Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 28 shares during the period. Finally, Anfield Capital Management LLC purchased a new stake in Sherwin-Williams during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Finally, Barclays boosted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.29.

Sherwin-Williams Trading Down 0.7 %

Shares of Sherwin-Williams stock opened at $359.04 on Monday. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $392.57. The stock has a market capitalization of $91.03 billion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17. The company has a 50-day simple moving average of $372.00 and a 200 day simple moving average of $335.12. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business earned $3.20 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts expect that The Sherwin-Williams Company will post 11.31 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.