Miracle Mile Advisors LLC Acquires 5,106 Shares of The Sherwin-Williams Company (NYSE:SHW)

Miracle Mile Advisors LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 336.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,625 shares of the specialty chemicals company’s stock after acquiring an additional 5,106 shares during the period. Miracle Mile Advisors LLC’s holdings in Sherwin-Williams were worth $2,252,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SHW. Valued Wealth Advisors LLC grew its stake in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $29,000. Semmax Financial Advisors Inc. grew its stake in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 60 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Sherwin-Williams during the third quarter worth $32,000. Finally, GHP Investment Advisors Inc. raised its position in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on SHW shares. Citigroup decreased their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Evercore ISI lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays upped their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $402.25.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The stock was 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 disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $336.36 on Tuesday. The firm has a market cap of $84.71 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The stock’s fifty day moving average price is $366.56 and its two-hundred day moving average price is $358.81. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.

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

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $0.715 per share. The ex-dividend date was Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.85%. Sherwin-Williams’s dividend payout ratio is 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.