Summit Trail Advisors LLC Buys 40 Shares of The Sherwin-Williams Company (NYSE:SHW)

Summit Trail Advisors LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,672 shares of the specialty chemicals company’s stock after acquiring an additional 40 shares during the period. Summit Trail Advisors LLC’s holdings in Sherwin-Williams were worth $797,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. Assetmark Inc. grew its holdings in Sherwin-Williams by 19.5% during the fourth quarter. Assetmark Inc. now owns 5,924 shares of the specialty chemicals company’s stock valued at $1,848,000 after purchasing an additional 966 shares during the period. SageView Advisory Group LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth about $808,000. Advisory Services Network LLC increased its holdings in Sherwin-Williams by 22.4% in the 4th quarter. Advisory Services Network LLC now owns 14,083 shares of the specialty chemicals company’s stock worth $4,393,000 after acquiring an additional 2,580 shares during the last quarter. Intech Investment Management LLC raised its stake in Sherwin-Williams by 18.3% in the 4th quarter. Intech Investment Management LLC now owns 13,980 shares of the specialty chemicals company’s stock valued at $4,360,000 after acquiring an additional 2,164 shares during the period. Finally, Glassman Wealth Services lifted its holdings in Sherwin-Williams by 6.6% during the fourth quarter. Glassman Wealth Services now owns 692 shares of the specialty chemicals company’s stock valued at $216,000 after purchasing an additional 43 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on SHW. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group raised their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Robert W. Baird boosted their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley raised their target price on Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Down 0.3 %

SHW opened at $378.52 on Monday. The business’s fifty day simple moving average is $353.82 and its 200 day simple moving average is $328.22. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $382.83. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The stock has a market cap of $95.97 billion, a PE ratio of 40.35, a P/E/G ratio of 2.98 and a beta of 1.17.

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

Sherwin-Williams Announces Dividend

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

About Sherwin-Williams

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.