Creative Planning Raises Position in Sherwin-Williams Co (SHW)

Creative Planning boosted its stake in Sherwin-Williams Co (NYSE:SHW) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,453 shares of the specialty chemicals company’s stock after buying an additional 482 shares during the quarter. Creative Planning’s holdings in Sherwin-Williams were worth $3,393,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SHW. LFA Lugano Financial Advisors SA purchased a new position in Sherwin-Williams in the 3rd quarter valued at about $112,000. Fort L.P. purchased a new position in Sherwin-Williams in the 2nd quarter valued at about $124,000. Valeo Financial Advisors LLC lifted its stake in Sherwin-Williams by 168.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 325 shares of the specialty chemicals company’s stock valued at $142,000 after buying an additional 204 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Sherwin-Williams by 10,109.0% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 28,279 shares of the specialty chemicals company’s stock valued at $161,000 after buying an additional 28,002 shares in the last quarter. Finally, BTIM Corp. purchased a new position in Sherwin-Williams in the 2nd quarter valued at about $201,000. 78.20% of the stock is currently owned by hedge funds and other institutional investors.

SHW has been the topic of a number of research reports. ValuEngine lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Credit Suisse Group set a $500.00 price objective on shares of Sherwin-Williams and gave the company a “buy” rating in a report on Monday, October 15th. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 price objective for the company in a report on Tuesday, October 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $465.00 price objective on shares of Sherwin-Williams in a report on Wednesday, July 25th. Finally, Bank of America increased their price objective on shares of Sherwin-Williams from $470.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Ten investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Sherwin-Williams presently has an average rating of “Buy” and an average price target of $467.40.



Shares of NYSE SHW opened at $366.72 on Tuesday. The company has a market cap of $34.68 billion, a PE ratio of 25.70, a PEG ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.04 and a quick ratio of 0.66. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $479.64.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.71 by ($0.03). The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.78 billion. Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. On average, sell-side analysts expect that Sherwin-Williams Co will post 19.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, November 15th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio is currently 24.11%.

In other news, Director David F. Hodnik sold 524 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $447.19, for a total transaction of $234,327.56. Following the completion of the sale, the director now owns 10,105 shares in the company, valued at approximately $4,518,854.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas P. Gilligan sold 5,080 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $458.04, for a total transaction of $2,326,843.20. Following the sale, the senior vice president now owns 7,043 shares of the company’s stock, valued at approximately $3,225,975.72. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock valued at $2,941,402 in the last 90 days. Insiders own 0.78% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

Further Reading: Should You Consider an Index Fund?

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply