The Sherwin-Williams Company (NYSE:SHW) Stock Position Raised by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 14.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,456 shares of the specialty chemicals company’s stock after acquiring an additional 1,069 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Sherwin-Williams were worth $3,227,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC lifted its position in Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. lifted its position in Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares in the last quarter. VitalStone Financial LLC lifted its position in Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares in the last quarter. Anfield Capital Management LLC purchased a new stake in Sherwin-Williams in the 2nd quarter worth approximately $38,000. Finally, Friedenthal Financial purchased a new stake in Sherwin-Williams in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on SHW. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Morgan Stanley raised their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Barclays raised their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Citigroup cut their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday. One 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.29.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $361.59 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.50 and a current ratio of 0.83. The firm’s 50-day simple moving average is $371.81 and its 200-day simple moving average is $334.64. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $392.57. The firm has a market cap of $91.68 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business earned $3.20 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts expect that The Sherwin-Williams Company will post 11.31 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.