616 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by West Bancorporation Inc.

West Bancorporation Inc. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 616 shares of the specialty chemicals company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHW. HHM Wealth Advisors LLC grew its holdings in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 45 shares during the period. Semmax Financial Advisors Inc. boosted its position in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares in the last quarter. VitalStone Financial LLC grew its stake in Sherwin-Williams by 233.3% during the second 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 period. GHP Investment Advisors Inc. increased its holdings in Sherwin-Williams by 47.5% in the third 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 in the last quarter. Finally, Anfield Capital Management LLC bought a new stake in Sherwin-Williams in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The shares were 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 approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Robert W. Baird raised their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Jefferies Financial Group upped their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $395.29.

Sherwin-Williams Stock Down 0.7 %

Shares of SHW stock traded down $2.55 on Friday, hitting $359.04. The stock had a trading volume of 1,121,961 shares, compared to its average volume of 1,542,899. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.50. The business has a 50 day moving average of $372.00 and a 200 day moving average of $335.02. 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 $91.03 billion, a price-to-earnings ratio of 38.28, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the business posted $3.20 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, analysts expect that The Sherwin-Williams Company will post 11.31 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date 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 (DPR) is presently 30.49%.

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.