Savvy Advisors Inc. Buys New Position in The Sherwin-Williams Company (NYSE:SHW)

Savvy Advisors Inc. purchased a new position in The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 568 shares of the specialty chemicals company’s stock, valued at approximately $217,000.

Other large investors also recently made changes to their positions in the company. Griffin Asset Management Inc. lifted its stake in Sherwin-Williams by 0.3% during the third quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock valued at $3,548,000 after purchasing an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Sherwin-Williams by 2.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock worth $458,000 after acquiring an additional 28 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Sherwin-Williams by 1.8% in the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock worth $595,000 after acquiring an additional 28 shares during the last quarter. Finally, First Interstate Bank lifted its holdings in shares of Sherwin-Williams by 1.9% during the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.9 %

Sherwin-Williams stock opened at $387.29 on Thursday. The company has a market capitalization of $97.54 billion, a P/E ratio of 38.57, a P/E/G ratio of 3.09 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $258.52 and a 1-year high of $392.57. The firm’s fifty day simple moving average is $375.00 and its 200-day simple moving average is $340.53. The company has a current ratio of 0.83, a quick ratio of 0.51 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 for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.20 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.715 dividend. 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 dividend payout ratio is 28.49%.

Analysts Set New Price Targets

SHW has been the topic of a number of analyst reports. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, Citigroup decreased their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $396.47.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction on Friday, August 30th. The shares were 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 owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate 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.