Exchange Traded Concepts LLC Grows Position in The Sherwin-Williams Company (NYSE:SHW)

Exchange Traded Concepts LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 135.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 238 shares of the specialty chemicals company’s stock after buying an additional 137 shares during the period. Exchange Traded Concepts LLC’s holdings in Sherwin-Williams were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HCR Wealth Advisors lifted its stake in Sherwin-Williams by 42.2% in the 3rd quarter. HCR Wealth Advisors now owns 1,834 shares of the specialty chemicals company’s stock worth $700,000 after purchasing an additional 544 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Sherwin-Williams by 41.2% in the third quarter. Ritholtz Wealth Management now owns 9,328 shares of the specialty chemicals company’s stock valued at $3,560,000 after purchasing an additional 2,720 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Sherwin-Williams by 8.8% during the third quarter. Valeo Financial Advisors LLC now owns 2,868 shares of the specialty chemicals company’s stock worth $1,095,000 after buying an additional 232 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Sherwin-Williams by 308.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,713 shares of the specialty chemicals company’s stock worth $653,000 after buying an additional 1,294 shares during the last quarter. Finally, LongView Wealth Management grew its holdings in Sherwin-Williams by 3.7% in the 3rd quarter. LongView Wealth Management now owns 893 shares of the specialty chemicals company’s stock valued at $341,000 after buying an additional 32 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research note on Friday. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. The Goldman Sachs Group increased their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird lifted their target price on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $383.35.

Insider Buying and Selling

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $361.27 on Wednesday. The firm has a 50 day moving average of $371.59 and a two-hundred day moving average of $334.45. The stock has a market capitalization of $91.13 billion, a PE ratio of 36.83, a P/E/G ratio of 3.04 and a beta of 1.17. 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 Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its 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. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates 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 was up .5% compared to the same quarter last year. During the same period last year, the business posted $3.29 earnings per share. On average, research analysts predict that The Sherwin-Williams Company will post 11.49 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is presently 29.15%.

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.