The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,436 shares of the specialty chemicals company’s stock after purchasing an additional 115 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Sherwin-Williams were worth $1,693,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Modera Wealth Management LLC raised its holdings in shares of Sherwin-Williams by 3.6% in the 3rd quarter. Modera Wealth Management LLC now owns 1,333 shares of the specialty chemicals company’s stock worth $509,000 after purchasing an additional 46 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 28 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Sherwin-Williams by 2.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,018 shares of the specialty chemicals company’s stock worth $770,000 after purchasing an additional 53 shares during the period. Forsta AP Fonden raised its holdings in shares of Sherwin-Williams by 8.0% in the 3rd quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock worth $26,259,000 after purchasing an additional 5,100 shares during the period. Finally, BKM Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the 3rd quarter worth about $619,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at $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 available through this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SHW shares. Robert W. Baird raised their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Barclays raised their target price on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday. The Goldman Sachs Group raised their target price on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, BMO Capital Markets raised their target price on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.29.

Sherwin-Williams Price Performance

Shares of SHW opened at $359.04 on Friday. The firm has a market cap of $91.03 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 2.87 and a beta of 1.17. The stock has a 50 day moving average of $372.00 and a 200-day moving average of $335.02. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $392.57.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm 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%. Sherwin-Williams’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.20 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 11.31 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.80%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.