Financial Gravity Asset Management Inc. boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1,761.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 242,516 shares of the specialty chemicals company's stock after acquiring an additional 229,488 shares during the quarter. Sherwin-Williams comprises about 0.9% of Financial Gravity Asset Management Inc.'s portfolio, making the stock its 28th largest position. Financial Gravity Asset Management Inc. owned about 0.09% of Sherwin-Williams worth $61,854,000 at the end of the most recent reporting period.
- 3 home improvement stocks to renovate your portfolio
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Roundview Capital LLC lifted its holdings in shares of Sherwin-Williams by 8.1% in the 1st quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company's stock valued at $2,013,000 after buying an additional 607 shares during the period. Cibc World Market Inc. lifted its holdings in shares of Sherwin-Williams by 189.1% in the 1st quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company's stock valued at $2,598,000 after buying an additional 6,808 shares during the period. Sei Investments Co. lifted its holdings in shares of Sherwin-Williams by 26.5% in the 1st quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company's stock valued at $29,956,000 after buying an additional 24,884 shares during the period. Prudential PLC acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at about $1,231,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Sherwin-Williams by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company's stock valued at $2,842,000 after buying an additional 287 shares during the period. Institutional investors and hedge funds own 75.87% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on SHW shares. Northcoast Research raised Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $360.00 price objective for the company in a report on Tuesday, February 27th. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $285.00 to $317.00 and gave the company an "overweight" rating in a research note on Friday, January 26th. Robert W. Baird restated a "neutral" rating and issued a $300.00 price target (up previously from $270.00) on shares of Sherwin-Williams in a research note on Wednesday, January 3rd. The Goldman Sachs Group lifted their price target on Sherwin-Williams from $295.00 to $335.00 and gave the company a "buy" rating in a research note on Thursday, December 14th. Finally, Evercore ISI lifted their price target on Sherwin-Williams from $355.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $318.72.
- Buffett is Right Again about the Housing Market
Get Our Latest Analysis on Sherwin-Williams
Insiders Place Their Bets
In other news, SVP Mary L. Garceau sold 23,518 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now owns 28,475 shares of the company's stock, valued at $9,187,743.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Karl J. Jorgenrud sold 2,690 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.50, for a total value of $867,525.00. Following the transaction, the insider now owns 12,941 shares of the company's stock, valued at $4,173,472.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary L. Garceau sold 23,518 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold 31,410 shares of company stock worth $10,080,699 over the last ninety days. Corporate insiders own 0.55% of the company's stock.
Sherwin-Williams Trading Down 1.2 %
- MarketBeat Week in Review – 6/26 - 6/30
SHW traded down $3.97 during trading hours on Friday, reaching $340.69. The company's stock had a trading volume of 1,238,521 shares, compared to its average volume of 1,497,332. The Sherwin-Williams Company has a fifty-two week low of $205.43 and a fifty-two week high of $347.71. The stock has a market cap of $86.69 billion, a PE ratio of 37.34, a P/E/G ratio of 2.50 and a beta of 1.15. The business's 50-day moving average is $311.17 and its 200-day moving average is $282.87. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The firm had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.23 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. The firm's quarterly revenue was up .4% on a year-over-year basis. As a group, equities research analysts predict that The Sherwin-Williams Company will post 11.39 earnings per share for the current fiscal year.
Sherwin-Williams Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.84%. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, February 23rd. Sherwin-Williams's dividend payout ratio is 30.92%.
About Sherwin-Williams
(Free Report)
The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
Further Reading
- Five stocks we like better than Sherwin-Williams
- What is a Secondary Public Offering? What Investors Need to Know
- What is a Microcap Stock? Everything You Need to Know
- Airline Stocks - Top Airline Stocks to Buy Now
- How to Invest in Casino Stocks: Pros and Cons and More
- How to invest in marijuana stocks in 7 steps
- How to Invest in Cannabis in 8 Easy Steps
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ The Strategic Gold Play You Haven't Heard About (From Edge On The Street) (Ad)
Should you invest $1,000 in Sherwin-Williams right now?
Before you consider Sherwin-Williams, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sherwin-Williams wasn't on the list.
While Sherwin-Williams currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
