The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,703 shares of the specialty chemicals company’s stock after purchasing an additional 55 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Sherwin-Williams were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Waterloo Capital L.P. acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth $360,000. Valeo Financial Advisors LLC lifted its stake in shares of Sherwin-Williams by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after purchasing an additional 193 shares in the last quarter. Brevan Howard Capital Management LP lifted its stake in shares of Sherwin-Williams by 259.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock valued at $2,183,000 after purchasing an additional 5,049 shares in the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of Sherwin-Williams by 24.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after purchasing an additional 1,514 shares during the period. Finally, Park Avenue Securities LLC increased its position in Sherwin-Williams by 11.6% during the 1st quarter. Park Avenue Securities LLC now owns 4,331 shares of the specialty chemicals company’s stock worth $1,504,000 after purchasing an additional 449 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SHW. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Morgan Stanley boosted their price objective on Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group increased 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. Finally, Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.39.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred 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 sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $371.30 on Friday. The company has a market cap of $94.14 billion, a P/E ratio of 39.58, a PEG ratio of 3.01 and a beta of 1.17. The business has a 50 day moving average of $363.56 and a two-hundred day moving average of $331.21. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $385.25. 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 released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (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 business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the previous year, the firm posted $3.29 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s payout ratio is 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.