The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,367 shares of the specialty chemicals company’s stock after acquiring an additional 1,411 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Sherwin-Williams were worth $34,728,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SHW. HHM Wealth Advisors LLC grew its position in Sherwin-Williams by 102.3% in the second 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 last quarter. VitalStone Financial LLC grew its position in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Anfield Capital Management LLC acquired a new position in Sherwin-Williams in the second quarter worth approximately $38,000. Meeder Asset Management Inc. acquired a new position in Sherwin-Williams in the second quarter worth approximately $41,000. Finally, Northwest Investment Counselors LLC acquired a new position in Sherwin-Williams in the first quarter worth approximately $47,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $379.77 on Friday. The stock has a market cap of $95.80 billion, a P/E ratio of 40.49, a PEG ratio of 2.98 and a beta of 1.17. The company’s 50-day simple moving average is $352.62 and its 200 day simple moving average is $328.03. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $382.83. 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 posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 earnings per share. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Evercore ISI lifted their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research note on Friday, August 30th. KeyCorp raised their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price objective (up previously from $386.00) on shares of Sherwin-Williams in a research note on Wednesday, September 4th. Finally, UBS Group raised their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

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 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 sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

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.