Keudell Morrison Wealth Management Makes New $224,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

Keudell Morrison Wealth Management purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, HoldingsChannel reports. The fund purchased 586 shares of the specialty chemicals company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. Norden Group LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $329,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Sherwin-Williams by 2.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 17,082 shares of the specialty chemicals company’s stock worth $5,933,000 after acquiring an additional 346 shares in the last quarter. Empowered Funds LLC boosted its holdings in Sherwin-Williams by 25.5% in the first quarter. Empowered Funds LLC now owns 4,248 shares of the specialty chemicals company’s stock worth $1,475,000 after acquiring an additional 863 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Sherwin-Williams by 668.9% in the first quarter. SG Americas Securities LLC now owns 68,065 shares of the specialty chemicals company’s stock worth $23,641,000 after acquiring an additional 59,213 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC bought a new position in Sherwin-Williams in the first quarter worth approximately $4,988,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHW. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Robert W. Baird increased their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wells Fargo & Company increased their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $384.00 on Friday. The Sherwin-Williams Company has a 1 year low of $251.69 and a 1 year high of $392.57. The business has a fifty day simple moving average of $373.38 and a two-hundred day simple moving average of $338.03. 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 $96.71 billion, a P/E ratio of 38.25, a P/E/G ratio of 3.02 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The company had revenue of $6.16 billion during 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 revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $3.20 earnings per share. On average, analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is 28.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams 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 of the company’s stock, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.