Curran Financial Partners LLC Sells 103 Shares of The Sherwin-Williams Company (NYSE:SHW)

Curran Financial Partners LLC reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,761 shares of the specialty chemicals company’s stock after selling 103 shares during the quarter. Curran Financial Partners LLC’s holdings in Sherwin-Williams were worth $3,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SHW. HHM Wealth Advisors LLC raised its holdings in Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares during the period. Semmax Financial Advisors Inc. increased its stake in shares of Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares during the period. VitalStone Financial LLC lifted its holdings 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 purchasing an additional 77 shares during the last quarter. Anfield Capital Management LLC acquired a new position in shares of Sherwin-Williams in the second quarter valued at about $38,000. Finally, Meeder Asset Management Inc. acquired a new position in Sherwin-Williams in the 2nd quarter valued at $41,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on SHW shares. Wells Fargo & Company upped their target price on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday. Morgan Stanley increased their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. The Goldman Sachs Group lifted their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $373.17.

Sherwin-Williams Stock Up 0.2 %

Shares of NYSE:SHW opened at $389.42 on Thursday. The business’s 50 day moving average is $368.80 and its 200 day moving average is $333.14. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $392.57. The stock has a market cap of $98.74 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 2.95 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17.

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

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.73%. Sherwin-Williams’s payout ratio is presently 30.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently 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.