The Sherwin-Williams Company (NYSE:SHW) Holdings Boosted by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 50.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,433 shares of the specialty chemicals company’s stock after acquiring an additional 480 shares during the period. Pallas Capital Advisors LLC’s holdings in Sherwin-Williams were worth $518,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SHW. HHM Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. lifted its holdings in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares during the last quarter. VitalStone Financial LLC lifted its holdings in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares during the last quarter. Finally, Anfield Capital Management LLC bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $38,000. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams 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 transaction of $5,326,371.60. Following the transaction, 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.1 %

Sherwin-Williams stock opened at $361.99 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a market cap of $91.78 billion, a price-to-earnings ratio of 38.59, a price-to-earnings-growth ratio of 2.89 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $235.84 and a 1 year high of $392.57. The firm’s 50 day moving average price is $372.35 and its two-hundred day moving average price is $335.91.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.20 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is 30.49%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, October 18th. The Goldman Sachs Group lifted their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Jefferies Financial Group lifted their price target on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. Barclays lifted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird lifted their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $395.29.

Sherwin-Williams Company 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.