TFB Advisors LLC Increases Holdings in The Sherwin-Williams Company $SHW

TFB Advisors LLC increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,445 shares of the specialty chemicals company’s stock after purchasing an additional 48 shares during the period. TFB Advisors LLC’s holdings in Sherwin-Williams were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its position in Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after purchasing an additional 39 shares during the period. Johnson Investment Counsel Inc. increased its stake in Sherwin-Williams by 95.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after buying an additional 38,228 shares during the period. Ransom Advisory Ltd purchased a new stake in Sherwin-Williams during the 1st quarter worth $515,000. Moody Lynn & Lieberson LLC increased its stake in Sherwin-Williams by 138.0% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after buying an additional 11,828 shares during the period. Finally, Lindenwold Advisors INC purchased a new stake in Sherwin-Williams during the 2nd quarter worth $1,303,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $333.87 on Thursday. The company has a 50-day moving average of $351.63 and a 200-day moving average of $347.78. The company has a market capitalization of $83.24 billion, a P/E ratio of 33.12, a PEG ratio of 3.17 and a beta of 1.20. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.70 EPS. Equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is 31.35%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. BMO Capital Markets dropped their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI lifted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Loop Capital dropped their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Finally, UBS Group reaffirmed a “buy” rating and set a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.13.

View Our Latest Research Report on SHW

About Sherwin-Williams

(Free Report)

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.

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

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