Tectonic Advisors LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Tectonic Advisors LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,711 shares of the specialty chemicals company’s stock, valued at approximately $653,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC boosted its holdings in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares during the period. Semmax Financial Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 136.4% in the 2nd 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 during the period. VitalStone Financial LLC boosted its holdings in shares of Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 77 shares during the period. Anfield Capital Management LLC acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at about $38,000. Finally, Friedenthal Financial bought a new stake in Sherwin-Williams in the 3rd quarter valued at about $50,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of SHW opened at $359.04 on Friday. The company’s 50 day moving average price is $371.91 and its 200 day moving average price is $334.83. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $392.57. The company has a market capitalization of $91.03 billion, a PE ratio of 38.28, a PEG ratio of 2.87 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.50 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the firm posted $3.20 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts expect that The Sherwin-Williams Company will post 11.31 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup cut their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Barclays boosted their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $395.29.

About Sherwin-Williams

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.