First Heartland Consultants Inc. Acquires 158 Shares of The Sherwin-Williams Company (NYSE:SHW)

First Heartland Consultants Inc. increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 21.6% in the third quarter, Holdings Channel.com reports. The fund owned 889 shares of the specialty chemicals company’s stock after buying an additional 158 shares during the quarter. First Heartland Consultants Inc.’s holdings in Sherwin-Williams were worth $339,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SHW. Tamar Securities LLC boosted its stake in shares of Sherwin-Williams by 3.4% during the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after purchasing an additional 1,604 shares during the period. Valeo Financial Advisors LLC boosted its position in Sherwin-Williams by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after buying an additional 193 shares during the period. Transcend Capital Advisors LLC grew its stake in Sherwin-Williams by 24.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after acquiring an additional 1,514 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Sherwin-Williams by 4.3% during the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock worth $37,449,000 after acquiring an additional 4,074 shares during the period. Finally, Sustainable Insight Capital Management LLC raised its stake in shares of Sherwin-Williams by 584.6% during the third quarter. Sustainable Insight Capital Management LLC now owns 15,062 shares of the specialty chemicals company’s stock valued at $5,749,000 after acquiring an additional 12,862 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on SHW shares. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. The Goldman Sachs Group upped their price objective on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.47.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents 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 accessible through the SEC website. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $387.29 on Thursday. The Sherwin-Williams Company has a fifty-two week low of $258.52 and a fifty-two week high of $392.57. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a market capitalization of $97.54 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 3.09 and a beta of 1.17. The stock’s 50-day simple moving average is $375.00 and its 200-day simple moving average is $340.53.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the business earned $3.20 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.74%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

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.