Elios Financial Group Inc. Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Elios Financial Group Inc. acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, Holdings Channel reports. The firm acquired 3,782 shares of the specialty chemicals company’s stock, valued at approximately $1,443,000.

Several other large investors also recently added to or reduced their stakes in SHW. Associated Banc Corp bought a new stake in shares of Sherwin-Williams during the third quarter worth $201,000. Brown Brothers Harriman & Co. increased its stake in Sherwin-Williams by 3.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 10,721 shares of the specialty chemicals company’s stock worth $4,092,000 after buying an additional 318 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Sherwin-Williams during the 3rd quarter valued at about $934,000. Dynamic Technology Lab Private Ltd purchased a new stake in Sherwin-Williams in the 3rd quarter valued at about $1,049,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Sherwin-Williams by 13.1% during the third quarter. Daiwa Securities Group Inc. now owns 29,411 shares of the specialty chemicals company’s stock worth $11,225,000 after acquiring an additional 3,403 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Activity

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were 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 directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 2.8 %

Shares of SHW stock opened at $399.25 on Tuesday. The Sherwin-Williams Company has a fifty-two week low of $272.34 and a fifty-two week high of $400.31. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a market capitalization of $100.55 billion, a PE ratio of 39.77, a P/E/G ratio of 3.13 and a beta of 1.17. The stock’s 50-day simple moving average is $377.54 and its 200-day simple moving average is $345.10.

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

Sherwin-Williams Dividend Announcement

The firm also recently disclosed 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 yield of 0.72%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is currently 28.49%.

Analysts Set New Price Targets

Several research analysts recently issued reports on SHW shares. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group increased their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given 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.

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.