Austin Private Wealth LLC Invests $205,000 in The Sherwin-Williams Company (NYSE:SHW)

Austin Private Wealth LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, Holdings Channel reports. The fund acquired 538 shares of the specialty chemicals company’s stock, valued at approximately $205,000.

Other hedge funds have also modified their holdings of the company. Valued Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. raised its holdings in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares in the last quarter. VitalStone Financial LLC raised its holdings in shares of Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in Sherwin-Williams by 47.5% during 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 period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Jefferies Financial Group increased their price target on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. Robert W. Baird increased their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their price target on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Morgan Stanley increased their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. One equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.29.

Sherwin-Williams Price Performance

SHW opened at $378.09 on Wednesday. The Sherwin-Williams Company has a 12-month low of $249.49 and a 12-month high of $392.57. 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 business’s fifty day simple moving average is $373.00 and its 200-day simple moving average is $337.73. The company has a market capitalization of $95.22 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 2.88 and a beta of 1.17.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is currently 28.49%.

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.