Valley Wealth Managers Inc. Raises Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Valley Wealth Managers Inc. boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,411 shares of the specialty chemicals company’s stock after purchasing an additional 226 shares during the period. Valley Wealth Managers Inc.’s holdings in Sherwin-Williams were worth $539,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. PineStone Asset Management Inc. grew its stake in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after acquiring an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Sherwin-Williams by 610.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock valued at $311,971,000 after purchasing an additional 898,143 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Sherwin-Williams by 40,317.4% in the third quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock worth $277,361,000 after purchasing an additional 724,907 shares during the period. Jensen Investment Management Inc. purchased a new stake in shares of Sherwin-Williams in the second quarter worth $169,770,000. Finally, 1832 Asset Management L.P. boosted its stake in Sherwin-Williams by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock valued at $422,654,000 after buying an additional 496,326 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Morgan Stanley lifted their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Citigroup reduced their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird increased their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $396.47.

Sherwin-Williams Stock Down 2.3 %

NYSE:SHW opened at $378.99 on Friday. 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 stock has a market capitalization of $95.45 billion, a P/E ratio of 37.75, a P/E/G ratio of 3.12 and a beta of 1.17. The company’s 50-day simple moving average is $376.42 and its 200-day simple moving average is $341.69. The Sherwin-Williams Company has a fifty-two week low of $264.54 and a fifty-two week high of $392.57.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business 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 revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.20 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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 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 dividend yield of 0.75%. Sherwin-Williams’s payout ratio is currently 28.49%.

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.