Avantax Planning Partners Inc. Buys 976 Shares of The Sherwin-Williams Company (NYSE:SHW)

Avantax Planning Partners Inc. grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 201.2% in the 2nd quarter, Holdings Channel reports. The firm owned 1,461 shares of the specialty chemicals company’s stock after purchasing an additional 976 shares during the period. Avantax Planning Partners Inc.’s holdings in The Sherwin-Williams were worth $398,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gradient Investments LLC raised its holdings in The Sherwin-Williams by 217.2% in the 2nd quarter. Gradient Investments LLC now owns 92 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 63 shares in the last quarter. FFT Wealth Management LLC bought a new position in The Sherwin-Williams in the 2nd quarter worth $25,000. Corbenic Partners LLC increased its stake in shares of The Sherwin-Williams by 200.0% in the 2nd quarter. Corbenic Partners LLC now owns 105 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 70 shares in the last quarter. Tarbox Family Office Inc. increased its stake in shares of The Sherwin-Williams by 200.0% in the 2nd quarter. Tarbox Family Office Inc. now owns 105 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of The Sherwin-Williams in the 1st quarter worth about $30,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

In other The Sherwin-Williams news, SVP Mary L. Garceau sold 2,589 shares of the firm’s stock in a transaction that occurred on Monday, August 23rd. The shares were sold at an average price of $306.33, for a total transaction of $793,088.37. Following the sale, the senior vice president now owns 11,259 shares in the company, valued at approximately $3,448,969.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John G. Morikis sold 155,520 shares of the firm’s stock in a transaction that occurred on Thursday, July 29th. The stock was sold at an average price of $288.92, for a total transaction of $44,932,838.40. Following the sale, the chief executive officer now owns 433,251 shares in the company, valued at approximately $125,174,878.92. The disclosure for this sale can be found here. Insiders sold a total of 213,903 shares of company stock worth $62,244,621 in the last quarter. Company insiders own 0.51% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of The Sherwin-Williams from a “hold” rating to a “buy” rating and set a $297.00 price target for the company in a research note on Friday, June 4th. Loop Capital increased their price target on shares of The Sherwin-Williams from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, June 9th. Barclays increased their price target on shares of The Sherwin-Williams from $299.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 28th. Royal Bank of Canada cut their price objective on shares of The Sherwin-Williams from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, September 9th. Finally, Wells Fargo & Company increased their price objective on shares of The Sherwin-Williams from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, September 10th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $331.75.

Shares of NYSE SHW opened at $298.86 on Wednesday. The firm’s 50-day moving average price is $294.67 and its 200-day moving average price is $278.71. The company has a quick ratio of 0.55, a current ratio of 0.84 and a debt-to-equity ratio of 2.68. The company has a market cap of $78.69 billion, a PE ratio of 37.50, a PEG ratio of 2.60 and a beta of 1.08. The Sherwin-Williams Company has a 52-week low of $218.06 and a 52-week high of $310.43.

The Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Monday, July 26th. The specialty chemicals company reported $2.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.68 by ($0.03). The Sherwin-Williams had a return on equity of 72.71% and a net margin of 11.05%. The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the company earned $7.10 EPS. The Sherwin-Williams’s revenue for the quarter was up 16.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 9.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 20th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, August 19th. The Sherwin-Williams’s dividend payout ratio (DPR) is presently 26.86%.

The Sherwin-Williams Company Profile

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

See Also: Risk Tolerance and Your Investment Decisions

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW).

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

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