Ashton Thomas Private Wealth LLC Buys 270 Shares of The Sherwin-Williams Company (NYSE:SHW)

Ashton Thomas Private Wealth LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 17.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,797 shares of the specialty chemicals company’s stock after purchasing an additional 270 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Sherwin-Williams were worth $686,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in Sherwin-Williams by 8.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 586,316 shares of the specialty chemicals company’s stock worth $223,779,000 after buying an additional 48,013 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Sherwin-Williams by 3.2% in the 3rd quarter. Harbour Investments Inc. now owns 2,738 shares of the specialty chemicals company’s stock worth $1,045,000 after acquiring an additional 84 shares in the last quarter. Entropy Technologies LP lifted its stake in shares of Sherwin-Williams by 1,468.5% in the 3rd quarter. Entropy Technologies LP now owns 22,649 shares of the specialty chemicals company’s stock valued at $8,644,000 after purchasing an additional 21,205 shares during the period. Tacita Capital Inc boosted its position in shares of Sherwin-Williams by 31.3% during the third quarter. Tacita Capital Inc now owns 210 shares of the specialty chemicals company’s stock valued at $80,000 after purchasing an additional 50 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in Sherwin-Williams by 13.0% in the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after purchasing an additional 209 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. BMO Capital Markets lifted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Finally, Robert W. Baird upped their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $396.47.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 18.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $388.51 on Friday. The firm has a market capitalization of $97.85 billion, a PE ratio of 38.70, a P/E/G ratio of 3.09 and a beta of 1.17. The company has a 50 day moving average price of $375.49 and a 200-day moving average price of $340.86. The Sherwin-Williams Company has a 52 week low of $264.54 and a 52 week high of $392.57. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. Sherwin-Williams’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.20 earnings per share. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid 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 0.74%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

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.