Thurston Springer Miller Herd & Titak Inc. Purchases 398 Shares of The Sherwin-Williams Company (NYSE:SHW)

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.3% in the third quarter, Holdings Channel reports. The institutional investor owned 3,185 shares of the specialty chemicals company’s stock after buying an additional 398 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Sherwin-Williams were worth $1,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HHM Wealth Advisors LLC grew its stake in shares of Sherwin-Williams by 102.3% during the 2nd 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 in the last quarter. Semmax Financial Advisors Inc. increased its stake in Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 60 shares during the last quarter. VitalStone Financial LLC lifted its position in Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares in the last quarter. Anfield Capital Management LLC acquired a new position in Sherwin-Williams during the second quarter valued at approximately $38,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Sherwin-Williams during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. Robert W. Baird raised their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Evercore ISI lifted their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. The Goldman Sachs Group boosted their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company raised their price target on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $370.39.

Insider Activity

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 0.7 %

Shares of SHW opened at $378.99 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $95.60 billion, a PE ratio of 38.63, a P/E/G ratio of 2.95 and a beta of 1.17. The firm’s 50 day moving average is $366.02 and its 200-day moving average is $332.19. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $385.25.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the company posted $3.29 EPS. The company’s revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that The Sherwin-Williams Company will post 11.5 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 29.15%.

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.