Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Boosts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 511.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,572 shares of the specialty chemicals company’s stock after buying an additional 12,189 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Sherwin-Williams were worth $5,269,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new position in shares of Sherwin-Williams during the 1st quarter valued at approximately $231,000. State of Alaska Department of Revenue boosted its holdings in Sherwin-Williams by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 25,549 shares of the specialty chemicals company’s stock valued at $8,873,000 after acquiring an additional 115 shares during the period. Norden Group LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter worth $5,015,000. Massachusetts Wealth Management lifted its holdings in shares of Sherwin-Williams by 2.9% in the 1st quarter. Massachusetts Wealth Management now owns 3,575 shares of the specialty chemicals company’s stock worth $1,242,000 after buying an additional 100 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Sherwin-Williams by 3.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 6,525 shares of the specialty chemicals company’s stock worth $2,266,000 after buying an additional 225 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value 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 approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded up $2.72 during midday trading on Wednesday, hitting $364.34. The company had a trading volume of 58,511 shares, compared to its average volume of 1,530,880. The Sherwin-Williams Company has a twelve month low of $235.84 and a twelve month high of $392.57. 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 stock has a market cap of $92.38 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 2.89 and a beta of 1.17. The business’s 50-day simple moving average is $372.27 and its 200-day simple moving average is $335.73.

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 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 company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the business posted $3.20 EPS. Sherwin-Williams’s revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.78%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Wall Street Analyst Weigh In

SHW has been the subject of several research reports. Evercore ISI lowered their target price on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Robert W. Baird upped 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. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group upped their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $395.29.

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.