Capstone Triton Financial Group LLC Reduces Position in The Sherwin-Williams Company (NYSE:SHW)

Capstone Triton Financial Group LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,742 shares of the specialty chemicals company’s stock after selling 45 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in Sherwin-Williams were worth $1,117,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SHW. HHM Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 45 shares during the last quarter. VitalStone Financial LLC boosted its position in Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares during the last quarter. Anfield Capital Management LLC acquired a new stake in Sherwin-Williams during the second quarter worth approximately $38,000. Meeder Asset Management Inc. purchased a new stake in Sherwin-Williams in the 2nd quarter worth approximately $41,000. Finally, Northwest Investment Counselors LLC acquired a new position in Sherwin-Williams in the 1st quarter valued at $47,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related 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 completion of the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $378.52 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $382.83. The stock’s 50 day moving average price is $353.82 and its 200 day moving average price is $328.32. The firm has a market capitalization of $95.49 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the firm earned $3.29 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SHW. Jefferies Financial Group lifted their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Barclays upped their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Robert W. Baird raised their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a research report on Friday, August 30th. Finally, Morgan Stanley lifted their price target on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $362.68.

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.