MWA Asset Management Buys Shares of 529 The Sherwin-Williams Company (NYSE:SHW)

MWA Asset Management purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 529 shares of the specialty chemicals company’s stock, valued at approximately $202,000.

A number of other hedge funds have also made changes to their positions in the stock. Valued Wealth Advisors LLC grew its holdings in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth $29,000. GHP Investment Advisors Inc. grew its stake 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 buying an additional 28 shares during the last quarter. HHM Wealth Advisors LLC grew its stake 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 buying an additional 45 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Sherwin-Williams in the 3rd quarter worth $38,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the 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 owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 0.5 %

Shares of SHW opened at $373.49 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock has a market cap of $94.06 billion, a PE ratio of 37.20, a PEG ratio of 3.05 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $269.28 and a 1 year high of $392.57. The stock has a 50 day simple moving average of $376.69 and a 200-day simple moving average of $343.20.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (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 company earned $3.20 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. On average, sell-side analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given 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 0.77%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Analyst Ratings Changes

A number of research firms have issued reports on SHW. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. 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 report on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams 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.