Aljian Capital Management LLC Invests $892,000 in The Sherwin-Williams Company (NYSE:SHW)

Aljian Capital Management LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,336 shares of the specialty chemicals company’s stock, valued at approximately $892,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its holdings in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 32 shares in the last quarter. HHM Wealth Advisors LLC lifted its position 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 valued at $27,000 after acquiring an additional 45 shares during the period. First Personal Financial Services bought a new stake in Sherwin-Williams during the third quarter worth about $29,000. Semmax Financial Advisors Inc. grew its holdings in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares during the period. Finally, VitalStone Financial LLC increased its stake in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 77 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 2.4 %

Shares of SHW stock opened at $378.99 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12 month low of $264.54 and a 12 month high of $392.57. The stock has a market cap of $95.45 billion, a P/E ratio of 37.75, a P/E/G ratio of 3.05 and a beta of 1.17. The company has a 50 day simple moving average of $376.42 and a two-hundred day simple moving average of $342.26.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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 issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is 28.49%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Barclays upped 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 note on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada lowered their price objective on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Insider Buying and Selling

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by 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.