Guardian Wealth Advisors LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Guardian Wealth Advisors LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 598 shares of the specialty chemicals company’s stock, valued at approximately $228,000.

Several other large investors also recently bought and sold shares of SHW. Capital International Investors boosted its holdings in Sherwin-Williams by 10.5% in the 1st quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock valued at $799,595,000 after purchasing an additional 219,149 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Sherwin-Williams by 2.9% in the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock worth $573,538,000 after acquiring an additional 53,487 shares in the last quarter. PineStone Asset Management Inc. lifted its stake in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after purchasing an additional 917,979 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Sherwin-Williams by 18.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock worth $454,917,000 after buying an additional 238,031 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in Sherwin-Williams by 54.0% in the second quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after purchasing an additional 496,326 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 18.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.0 %

Shares of Sherwin-Williams stock opened at $375.36 on Tuesday. The Sherwin-Williams Company has a twelve month low of $269.28 and a twelve month high of $392.57. The firm has a market cap of $94.53 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 3.05 and a beta of 1.17. The business has a 50-day moving average price of $376.65 and a 200-day moving average price of $342.76. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

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 analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.20 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. Sherwin-Williams’s payout ratio is presently 28.49%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

About Sherwin-Williams

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.