Fifth Third Wealth Advisors LLC Increases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Fifth Third Wealth Advisors LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,454 shares of the specialty chemicals company’s stock after purchasing an additional 253 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $1,318,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV grew its stake in Sherwin-Williams by 13.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after buying an additional 209 shares during the last quarter. Tamar Securities LLC increased its holdings in shares of Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after acquiring an additional 1,604 shares during the period. Valeo Financial Advisors LLC raised its position in Sherwin-Williams by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after purchasing an additional 193 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in 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 purchasing an additional 1,514 shares during the period. Finally, Handelsbanken Fonder AB grew its position in Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock worth $37,449,000 after purchasing an additional 4,074 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of several recent research reports. Jefferies Financial Group increased their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. 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. Royal Bank of Canada dropped their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays increased their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $396.47.

Sherwin-Williams Stock Performance

NYSE SHW opened at $373.49 on Wednesday. The business has a 50 day moving average price of $376.69 and a 200 day moving average price of $343.20. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The company has a market capitalization of $94.06 billion, a P/E ratio of 37.20, a PEG ratio of 3.05 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $269.28 and a 1-year high of $392.57.

Sherwin-Williams (NYSE:SHW) last released 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 firm had revenue of $6.16 billion for 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 period last year, the firm earned $3.20 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm 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 dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.77%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

Insider Buying and Selling

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.