Prestige Wealth Management Group LLC Boosts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Prestige Wealth Management Group LLC increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 992 shares of the specialty chemicals company’s stock after purchasing an additional 39 shares during the period. Prestige Wealth Management Group LLC’s holdings in Sherwin-Williams were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Griffin Asset Management Inc. increased its position in shares of Sherwin-Williams by 0.3% during the third quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock valued at $3,548,000 after acquiring an additional 26 shares during the last quarter. Allworth Financial LP boosted its position in shares of Sherwin-Williams by 1.8% during the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock worth $595,000 after purchasing an additional 28 shares during the period. GHP Investment Advisors Inc. increased its holdings in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Sherwin-Williams by 2.4% in the third quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock valued at $458,000 after purchasing an additional 28 shares during the period. Finally, First Interstate Bank lifted its stake in Sherwin-Williams by 1.9% during the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock worth $560,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $376.45 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a 50 day moving average price of $379.68 and a 200 day moving average price of $350.64. The company has a market capitalization of $94.81 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 3.10 and a beta of 1.19.

Sherwin-Williams (NYSE:SHW) last announced its quarterly 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). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the business earned $3.20 earnings per share. Sherwin-Williams’s revenue was up .7% compared to the same quarter last year. Research analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on SHW. Robert W. Baird boosted their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Wells Fargo & Company raised their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. One equities 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 data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

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.