Welch Group LLC Acquires 881 Shares of The Sherwin-Williams Company (NYSE:SHW)

Welch Group LLC increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,353 shares of the specialty chemicals company’s stock after acquiring an additional 881 shares during the quarter. Welch Group LLC’s holdings in Sherwin-Williams were worth $7,768,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its holdings in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. increased its holdings in shares of Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares during the period. VitalStone Financial LLC raised its position in shares of Sherwin-Williams by 233.3% in the second 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 in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 28 shares during the period. Finally, Anfield Capital Management LLC acquired a new position in Sherwin-Williams in the 2nd quarter valued at $38,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHW. BMO Capital Markets increased their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Jefferies Financial Group boosted their target price on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Finally, Robert W. Baird lifted their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $395.29.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW traded up $5.79 during trading hours on Monday, hitting $364.83. The company had a trading volume of 79,223 shares, compared to its average volume of 1,535,862. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $392.57. The firm has a market capitalization of $92.50 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 2.89 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a 50 day simple moving average of $372.00 and a 200 day simple moving average of $335.12.

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 the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. Sherwin-Williams’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $3.20 earnings per share. Equities research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.78%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

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.