The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 722 shares of the specialty chemicals company’s stock after acquiring an additional 51 shares during the period. Copperwynd Financial LLC’s holdings in Sherwin-Williams were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SHW. Kathmere Capital Management LLC lifted its position in Sherwin-Williams by 133.4% during the second quarter. Kathmere Capital Management LLC now owns 2,054 shares of the specialty chemicals company’s stock worth $613,000 after buying an additional 1,174 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Sherwin-Williams during the 2nd quarter valued at $287,000. Legal & General Group Plc raised its holdings in shares of Sherwin-Williams by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after buying an additional 53,487 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in Sherwin-Williams during the 2nd quarter valued at $998,000. Finally, MBB Public Markets I LLC increased its position in shares of Sherwin-Williams by 1,536.9% during the second quarter. MBB Public Markets I LLC now owns 16,942 shares of the specialty chemicals company’s stock worth $5,056,000 after acquiring an additional 15,907 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.3 %

Shares of SHW opened at $382.73 on Monday. 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 company has a market cap of $96.55 billion, a P/E ratio of 40.80, a P/E/G ratio of 3.00 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $385.25. The firm has a 50 day simple moving average of $359.69 and a two-hundred day simple moving average of $329.68.

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, topping 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 company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the previous year, the business earned $3.29 earnings per share. Sherwin-Williams’s revenue was up .5% compared to the same quarter last year. Research analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Buying and Selling

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Saturday. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group raised their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Robert W. Baird upped 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. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $400.00 price target (up previously from $386.00) on shares of Sherwin-Williams in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $369.00.

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.