Bleakley Financial Group LLC Has $4.36 Million Stake in The Sherwin-Williams Company $SHW

Bleakley Financial Group LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 10.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,699 shares of the specialty chemicals company’s stock after purchasing an additional 1,182 shares during the period. Bleakley Financial Group LLC’s holdings in Sherwin-Williams were worth $4,360,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Valley National Advisers Inc. lifted its position in shares of Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 34 shares during the period. Synergy Investment Management LLC raised its stake in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Sherwin-Williams during the first quarter worth about $30,000. Salomon & Ludwin LLC acquired a new stake in Sherwin-Williams during the second quarter worth about $31,000. Finally, Saudi Central Bank bought a new position in Sherwin-Williams in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

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

Sherwin-Williams Stock Performance

NYSE SHW opened at $331.30 on Friday. The company has a market capitalization of $82.60 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 3.13 and a beta of 1.20. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The stock has a fifty day simple moving average of $350.94 and a 200 day simple moving average of $347.84. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the business earned $3.70 earnings per share. Sherwin-Williams’s revenue was up .6% compared to the same quarter last year. Sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is currently 31.35%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company set a $395.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Friday, October 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI lifted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Finally, Loop Capital lowered their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $387.13.

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.