The Sherwin-Williams Company (NYSE:SHW) Stock Position Raised by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 24.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,805 shares of the specialty chemicals company’s stock after acquiring an additional 1,514 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Sherwin-Williams were worth $2,329,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Venturi Wealth Management LLC increased its stake in shares of Sherwin-Williams by 39.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,608 shares of the specialty chemicals company’s stock worth $502,000 after purchasing an additional 455 shares during the last quarter. Trust Point Inc. acquired a new stake in Sherwin-Williams in the 4th quarter worth $403,000. Ballentine Partners LLC grew its position in Sherwin-Williams by 10.1% in the 4th quarter. Ballentine Partners LLC now owns 2,755 shares of the specialty chemicals company’s stock worth $859,000 after purchasing an additional 253 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth $450,000. Finally, Asset Management One Co. Ltd. grew its position in Sherwin-Williams by 17.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 126,100 shares of the specialty chemicals company’s stock worth $39,449,000 after purchasing an additional 18,853 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW traded down $3.13 during midday trading on Friday, hitting $347.25. The company had a trading volume of 1,446,528 shares, compared to its average volume of 1,831,105. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The company has a market capitalization of $87.60 billion, a PE ratio of 37.02, a P/E/G ratio of 2.76 and a beta of 1.16. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $356.69. The firm’s 50-day simple moving average is $311.61 and its 200-day simple moving average is $316.62.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter last year, the company posted $3.29 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

Insider Transactions at Sherwin-Williams

In other news, insider Jane M. Cronin 9,320 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Sherwin-Williams from $360.00 to $386.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Mizuho reduced their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Evercore ISI raised their price objective on shares of Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $355.00.

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.