Creative Planning Has $17.56 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Creative Planning raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,997 shares of the specialty chemicals company’s stock after buying an additional 4,770 shares during the quarter. Creative Planning’s holdings in Sherwin-Williams were worth $17,556,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new position in shares of Sherwin-Williams during the third quarter worth approximately $221,000. Grove Bank & Trust raised its position in shares of Sherwin-Williams by 24.9% during the third quarter. Grove Bank & Trust now owns 211 shares of the specialty chemicals company’s stock worth $81,000 after purchasing an additional 42 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of Sherwin-Williams during the third quarter worth approximately $951,000. Paladin Wealth LLC acquired a new position in shares of Sherwin-Williams during the third quarter worth approximately $172,000. Finally, VitalStone Financial LLC raised its position in shares of Sherwin-Williams by 31.8% during the third quarter. VitalStone Financial LLC now owns 145 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 35 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of research reports. Robert W. Baird upped their target price on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. The Goldman Sachs Group upped their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Finally, Morgan Stanley upped their price target on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $383.35.

Sherwin-Williams Stock Down 1.7 %

Shares of NYSE SHW opened at $381.75 on Tuesday. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $392.57. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The business’s fifty day moving average price is $371.35 and its 200-day moving average price is $334.24. The stock has a market capitalization of $96.30 billion, a PE ratio of 38.91, a P/E/G ratio of 3.04 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.49 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams’s dividend payout ratio is presently 29.15%.

Insider Activity

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

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.