895 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Ted Buchan & Co

Ted Buchan & Co acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 895 shares of the specialty chemicals company’s stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Sherwin-Williams by 11.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 848,525 shares of the specialty chemicals company’s stock valued at $264,655,000 after buying an additional 89,611 shares during the last quarter. CWA Asset Management Group LLC grew its position in shares of Sherwin-Williams by 79.0% in the 4th quarter. CWA Asset Management Group LLC now owns 2,713 shares of the specialty chemicals company’s stock valued at $846,000 after buying an additional 1,197 shares during the last quarter. NEOS Investment Management LLC grew its position in shares of Sherwin-Williams by 33.7% in the 4th quarter. NEOS Investment Management LLC now owns 4,028 shares of the specialty chemicals company’s stock valued at $1,256,000 after buying an additional 1,015 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of Sherwin-Williams by 16.3% in the 4th quarter. Rafferty Asset Management LLC now owns 48,928 shares of the specialty chemicals company’s stock valued at $15,261,000 after buying an additional 6,874 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Sherwin-Williams by 51.9% in the 4th quarter. First Trust Advisors LP now owns 158,242 shares of the specialty chemicals company’s stock valued at $49,356,000 after buying an additional 54,070 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on 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 directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

SHW stock opened at $381.67 on Tuesday. The firm has a market cap of $96.77 billion, a PE ratio of 40.69, a P/E/G ratio of 3.00 and a beta of 1.17. 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 business has a 50 day moving average of $360.87 and a 200-day moving average of $330.01. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $385.25.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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 return on equity of 75.58% and a net margin of 10.92%. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the company earned $3.29 earnings per share. Sherwin-Williams’s 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 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

SHW has been the topic of a number of analyst reports. Jefferies Financial Group upped their price target on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Evercore ISI upped their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. KeyCorp upped their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. BMO Capital Markets upped their target price on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Morgan Stanley upped their price target 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $370.39.

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.