EverSource Wealth Advisors LLC Buys 767 Shares of The Sherwin-Williams Company (NYSE:SHW)

EverSource Wealth Advisors LLC raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 84.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,676 shares of the specialty chemicals company’s stock after purchasing an additional 767 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Waterloo Capital L.P. bought a new position in Sherwin-Williams during the fourth quarter valued at $360,000. Valeo Financial Advisors LLC grew its stake in shares of Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after buying an additional 193 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Sherwin-Williams by 7.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock worth $532,000 after purchasing an additional 103 shares during the period. Brevan Howard Capital Management LP grew its holdings in Sherwin-Williams by 259.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after acquiring an additional 5,049 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in Sherwin-Williams by 24.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after purchasing an additional 1,514 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $381.85 on Tuesday. The stock has a market cap of $96.82 billion, a P/E ratio of 40.71, a P/E/G ratio of 2.98 and a beta of 1.17. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $382.83. The stock has a 50 day moving average of $355.09 and a two-hundred day moving average of $328.48. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17.

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, topping the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.29 earnings per share. On average, research analysts forecast that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley raised their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Barclays boosted their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Robert W. Baird upped their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $418.00 target price on shares of Sherwin-Williams in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target 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.