Alpha Cubed Investments LLC Buys 269 Shares of The Sherwin-Williams Company (NYSE:SHW)

Alpha Cubed Investments LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 26.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,277 shares of the specialty chemicals company’s stock after purchasing an additional 269 shares during the period. Alpha Cubed Investments LLC’s holdings in Sherwin-Williams were worth $487,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. PineStone Asset Management Inc. boosted its holdings in shares of Sherwin-Williams by 132.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after buying an additional 917,979 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Sherwin-Williams by 610.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after acquiring an additional 898,143 shares in the last quarter. Jensen Investment Management Inc. acquired a new stake in Sherwin-Williams in the second quarter valued at $169,770,000. 1832 Asset Management L.P. grew its position in shares of Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock valued at $422,654,000 after acquiring an additional 496,326 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Sherwin-Williams by 192.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company’s stock valued at $116,322,000 after acquiring an additional 258,511 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were 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 in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Evercore ISI lifted their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Barclays increased their price target on Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $418.00 price objective on shares of Sherwin-Williams in a research report on Friday, August 30th. Finally, BMO Capital Markets upped their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $370.39.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $373.40 on Wednesday. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $385.25. The company’s 50 day moving average price is $363.87 and its two-hundred day moving average price is $331.25. The firm has a market cap of $94.68 billion, a PE ratio of 39.73, a PEG ratio of 2.97 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.

Sherwin-Williams (NYSE:SHW) last issued 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. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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 dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.77%. Sherwin-Williams’s dividend payout ratio 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.