Quarry LP Purchases 367 Shares of The Sherwin-Williams Company (NYSE:SHW)

Quarry LP boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 436.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 451 shares of the specialty chemicals company’s stock after acquiring an additional 367 shares during the quarter. Quarry LP’s holdings in Sherwin-Williams were worth $135,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC lifted its holdings in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 45 shares during the period. Semmax Financial Advisors Inc. raised its holdings in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares in the last quarter. VitalStone Financial LLC raised its holdings in shares of Sherwin-Williams by 233.3% in the 2nd 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. Anfield Capital Management LLC bought a new position in shares of Sherwin-Williams during the second quarter valued at approximately $38,000. Finally, Meeder Asset Management Inc. bought a new position in Sherwin-Williams in the second quarter worth approximately $41,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $380.63 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The company has a 50-day moving average price of $361.59 and a 200 day moving average price of $330.33. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $385.25. The stock has a market cap of $96.02 billion, a P/E ratio of 40.58, a PEG ratio of 3.01 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm earned $3.29 EPS. The business’s revenue was up .5% compared to the same quarter last year. Sell-side analysts anticipate that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on SHW shares. Robert W. Baird increased their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Barclays raised their target price 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. 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 report on Wednesday, July 24th. UBS Group raised their price objective on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus 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.