Brighton Jones LLC Raises Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Brighton Jones LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 92.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,863 shares of the specialty chemicals company’s stock after buying an additional 893 shares during the quarter. Brighton Jones LLC’s holdings in Sherwin-Williams were worth $556,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. HHM Wealth Advisors LLC grew its stake in Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares during the period. VitalStone Financial LLC lifted its holdings in Sherwin-Williams by 233.3% during the second 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 acquired a new stake in shares of Sherwin-Williams in the second quarter valued at about $38,000. Northwest Investment Counselors LLC purchased a new stake in shares of Sherwin-Williams during the first quarter worth about $47,000. Finally, Rise Advisors LLC raised its position in shares of Sherwin-Williams by 1,154.5% during the 1st quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock worth $48,000 after purchasing an additional 127 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. KeyCorp boosted their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Evercore ISI boosted their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. BMO Capital Markets restated an “outperform” rating and issued a $400.00 price objective (up previously from $386.00) on shares of Sherwin-Williams in a report on Wednesday, September 4th. Barclays lifted their target price 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, The Goldman Sachs Group increased their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $362.68.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated 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 approximately $23,301,041.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $378.52 on Friday. The business’s fifty day simple moving average is $353.82 and its 200-day simple moving average is $328.28. 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 firm has a market cap of $95.97 billion, a PE ratio of 40.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $382.83.

Sherwin-Williams (NYSE:SHW) last announced its quarterly 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. 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 analysts’ expectations of $6.33 billion. During the same period last year, the business earned $3.29 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts forecast that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio is currently 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.