Obsidian Personal Planning Solutions LLC Purchases New Holdings in The Sherwin-Williams Company (NYSE:SHW)

Obsidian Personal Planning Solutions LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 631 shares of the specialty chemicals company’s stock, valued at approximately $226,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. acquired a new position in Sherwin-Williams during the 1st quarter worth approximately $254,000. M&G Plc acquired a new stake in Sherwin-Williams in the 1st quarter valued at about $8,368,000. Allstate Corp increased its holdings in Sherwin-Williams by 5.4% during the 1st quarter. Allstate Corp now owns 740 shares of the specialty chemicals company’s stock valued at $257,000 after acquiring an additional 38 shares in the last quarter. Davis R M Inc. lifted its holdings in shares of Sherwin-Williams by 0.5% in the first quarter. Davis R M Inc. now owns 84,660 shares of the specialty chemicals company’s stock valued at $29,405,000 after purchasing an additional 391 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. grew its position in shares of Sherwin-Williams by 0.3% in the first quarter. Penobscot Investment Management Company Inc. now owns 46,730 shares of the specialty chemicals company’s stock valued at $16,231,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 2.3 %

Shares of Sherwin-Williams stock opened at $378.99 on Friday. 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 Sherwin-Williams Company has a 1-year low of $264.54 and a 1-year high of $392.57. The business has a 50-day moving average of $376.42 and a 200-day moving average of $341.99. The company has a market capitalization of $95.45 billion, a PE ratio of 37.75, a P/E/G ratio of 3.05 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results 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 business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.20 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SHW shares. Wells Fargo & Company boosted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays upped their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Insider Activity at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 approximately $23,301,041.60. This represents a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

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.