The Sherwin-Williams Company (NYSE:SHW) Stock Position Lifted by MGO One Seven LLC

MGO One Seven LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,148 shares of the specialty chemicals company’s stock after purchasing an additional 82 shares during the quarter. MGO One Seven LLC’s holdings in Sherwin-Williams were worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waterloo Capital L.P. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $360,000. Valeo Financial Advisors LLC boosted its stake in shares of Sherwin-Williams by 7.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after acquiring an additional 193 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Sherwin-Williams by 7.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock worth $532,000 after acquiring an additional 103 shares in the last quarter. Brevan Howard Capital Management LP boosted its stake in shares of Sherwin-Williams by 259.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after acquiring an additional 5,049 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its stake 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 acquiring an additional 1,514 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now 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 is available through the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $371.60 on Thursday. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $372.34. The business has a 50-day moving average of $343.62 and a two-hundred day moving average of $326.02. The stock has a market capitalization of $94.22 billion, a P/E ratio of 39.62, a P/E/G ratio of 2.83 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.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.33 billion. During the same quarter in the previous year, the firm earned $3.29 EPS. The firm’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict 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. 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 0.77%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Analyst Ratings Changes

Several analysts have recently commented on SHW shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 target price (up previously from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. Evercore ISI raised their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Robert W. Baird raised their target price on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Wells Fargo & Company raised their target price on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, UBS Group raised their target price on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

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.