Scholtz & Company LLC Sells 150 Shares of The Sherwin-Williams Company (NYSE:SHW)

Scholtz & Company LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 9.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,450 shares of the specialty chemicals company’s stock after selling 150 shares during the period. Scholtz & Company LLC’s holdings in Sherwin-Williams were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SHW. HHM Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares during the period. Tortoise Investment Management LLC raised its stake in Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. VitalStone Financial LLC lifted its position in Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the period. Anfield Capital Management LLC acquired a new stake in Sherwin-Williams during the second quarter worth about $38,000. Finally, Northwest Investment Counselors LLC bought a new position in Sherwin-Williams in the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 directly owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $373.97 on Friday. The firm has a market cap of $94.34 billion, a P/E ratio of 39.87, a P/E/G ratio of 2.92 and a beta of 1.17. The stock’s 50 day moving average is $345.15 and its 200 day moving average is $326.36. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $374.26.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the company earned $3.29 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.76%. Sherwin-Williams’s payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SHW. Jefferies Financial Group upped their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. UBS Group raised their target price on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada reissued an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a report on Friday, August 30th. Wells Fargo & Company raised their price objective on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird boosted their target price on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $362.68.

Sherwin-Williams Company 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.