4,636 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by Talbot Financial LLC

Talbot Financial LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,636 shares of the specialty chemicals company’s stock, valued at approximately $1,769,000.

Several other large investors have also bought and sold shares of the company. Brookstone Capital Management raised its holdings in Sherwin-Williams by 3.6% in the 3rd quarter. Brookstone Capital Management now owns 5,546 shares of the specialty chemicals company’s stock worth $2,117,000 after acquiring an additional 191 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of Sherwin-Williams by 13.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 562 shares of the specialty chemicals company’s stock worth $214,000 after purchasing an additional 65 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of Sherwin-Williams by 14.6% in the third quarter. Atomi Financial Group Inc. now owns 4,836 shares of the specialty chemicals company’s stock worth $1,846,000 after purchasing an additional 615 shares during the last quarter. Tealwood Asset Management Inc. bought a new position in shares of Sherwin-Williams during the third quarter valued at $1,891,000. Finally, Insight Wealth Strategies LLC boosted its position in shares of Sherwin-Williams by 0.5% during the third quarter. Insight Wealth Strategies LLC now owns 12,493 shares of the specialty chemicals company’s stock valued at $4,768,000 after buying an additional 60 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SHW shares. Robert W. Baird increased their price target on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their target price on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Morgan Stanley boosted their price target on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Barclays increased their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI boosted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $370.39.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 1.5 %

SHW opened at $373.40 on Wednesday. The company has a market capitalization of $94.68 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 2.97 and a beta of 1.17. The firm has a 50-day simple moving average of $363.87 and a two-hundred day simple moving average of $331.25. 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 Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $385.25.

Sherwin-Williams (NYSE:SHW) last released its quarterly 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. The business had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $3.29 EPS. Analysts forecast 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 declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s payout ratio is 30.49%.

Sherwin-Williams 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.