Regal Investment Advisors LLC Has $810,000 Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Regal Investment Advisors LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,714 shares of the specialty chemicals company’s stock after purchasing an additional 130 shares during the quarter. Regal Investment Advisors LLC’s holdings in Sherwin-Williams were worth $810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. HHM Wealth Advisors LLC increased its holdings in Sherwin-Williams by 102.3% during 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. Semmax Financial Advisors Inc. grew its position in shares of Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares during the period. VitalStone Financial LLC increased its stake in shares of Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the last quarter. Anfield Capital Management LLC bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at about $38,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Sherwin-Williams in the 1st quarter valued at about $47,000. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI upped their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Robert W. Baird increased their price target on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Wells Fargo & Company raised their price target on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. KeyCorp upped their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group raised their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, six 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $370.39.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $380.63 on Wednesday. The business has a fifty day moving average price of $361.59 and a two-hundred day moving average price of $330.33. The stock has a market capitalization of $96.02 billion, a PE ratio of 40.58, a P/E/G ratio of 3.01 and a beta of 1.17. 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 Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $385.25.

Sherwin-Williams (NYSE:SHW) last posted 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. The business had revenue of $6.27 billion during 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%. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.29 earnings per share. As a group, equities analysts predict that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared 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 of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.75%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams 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 completion of the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

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.