The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Chesapeake Wealth Management

Chesapeake Wealth Management lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the third quarter, Holdings Channel reports. The firm owned 3,064 shares of the specialty chemicals company’s stock after acquiring an additional 71 shares during the quarter. Chesapeake Wealth Management’s holdings in Sherwin-Williams were worth $1,169,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SHW. Nations Financial Group Inc. IA ADV lifted its stake in Sherwin-Williams by 13.0% in the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock valued at $694,000 after buying an additional 209 shares during the last quarter. Tamar Securities LLC raised its position in Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after purchasing an additional 1,604 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Sherwin-Williams by 7.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after purchasing an additional 193 shares during the period. Transcend Capital Advisors LLC grew its position in Sherwin-Williams by 24.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after purchasing an additional 1,514 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Sherwin-Williams by 4.3% in the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after purchasing an additional 4,074 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

SHW opened at $375.36 on Tuesday. The Sherwin-Williams Company has a 1-year low of $269.28 and a 1-year high of $392.57. The stock has a market cap of $94.53 billion, a P/E ratio of 37.39, a P/E/G ratio of 3.05 and a beta of 1.17. The stock’s 50 day simple moving average is $376.65 and its 200 day simple moving average is $342.76. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $3.20 EPS. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SHW. Royal Bank of Canada lowered their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays boosted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Robert W. Baird raised their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $396.47.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 18.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

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.