CreativeOne Wealth LLC Boosts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

CreativeOne Wealth LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 8.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,999 shares of the specialty chemicals company’s stock after buying an additional 790 shares during the quarter. CreativeOne Wealth LLC’s holdings in Sherwin-Williams were worth $3,817,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Valued Wealth Advisors LLC boosted its stake in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares during the last quarter. First Personal Financial Services acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $29,000. GHP Investment Advisors Inc. lifted its stake in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake 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 purchasing an additional 45 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $38,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on SHW. Jefferies Financial Group boosted their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday. Evercore ISI upped their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company upped 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

Insider Activity at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,855 shares of company stock valued at $12,572,756 over the last three months. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

NYSE SHW opened at $394.00 on Thursday. 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 business has a 50 day moving average price of $378.27 and a 200 day moving average price of $345.96. The company has a market capitalization of $99.23 billion, a P/E ratio of 39.24, a PEG ratio of 3.22 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $272.34 and a 1-year high of $400.42.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

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.