Marquette Asset Management LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Marquette Asset Management LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 775 shares of the specialty chemicals company’s stock, valued at approximately $296,000.

Several other hedge funds have also added to or reduced their stakes in SHW. Talbot Financial LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $1,769,000. Brookstone Capital Management grew its stake in Sherwin-Williams by 3.6% in the third quarter. Brookstone Capital Management now owns 5,546 shares of the specialty chemicals company’s stock worth $2,117,000 after purchasing an additional 191 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in Sherwin-Williams by 13.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 562 shares of the specialty chemicals company’s stock worth $214,000 after purchasing an additional 65 shares in the last quarter. Atomi Financial Group Inc. lifted its position in Sherwin-Williams by 14.6% during the third quarter. Atomi Financial Group Inc. now owns 4,836 shares of the specialty chemicals company’s stock valued at $1,846,000 after buying an additional 615 shares during the period. Finally, Tealwood Asset Management Inc. bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $1,891,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $373.40 on Wednesday. The firm has a market capitalization of $94.68 billion, a PE ratio of 39.81, a P/E/G ratio of 2.97 and a beta of 1.17. The business’s fifty day moving average price is $363.87 and its two-hundred day moving average price is $331.25. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $385.25. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results 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 firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the company posted $3.29 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. On average, research analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Morgan Stanley upped their price target on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $370.39.

Insiders Place Their Bets

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value 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 approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

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.