RW Investment Management LLC Makes New $205,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

RW Investment Management LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, Holdings Channel.com reports. The firm purchased 537 shares of the specialty chemicals company’s stock, valued at approximately $205,000.

Several other large investors have also recently made changes to their positions in SHW. Nations Financial Group Inc. IA ADV raised its holdings 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 in the last quarter. Tamar Securities LLC raised its stake in shares of Sherwin-Williams by 3.4% during the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock worth $18,608,000 after acquiring an additional 1,604 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after acquiring an additional 193 shares in the last quarter. Transcend Capital Advisors LLC raised its stake in Sherwin-Williams by 24.1% in the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after buying an additional 1,514 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Sherwin-Williams by 4.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock worth $37,449,000 after purchasing an additional 4,074 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $371.66 on Thursday. The company has a fifty day simple moving average of $376.69 and a 200-day simple moving average of $343.40. The firm has a market capitalization of $93.60 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 3.01 and a beta of 1.17. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 52-week low of $270.95 and a 52-week high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 11.09% and a return on equity of 74.45%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.20 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is currently 28.49%.

Analyst Ratings Changes

SHW has been the topic of a number of research reports. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Evercore ISI increased their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup dropped their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $396.47.

Insiders Place Their Bets

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated 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. This trade 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 is accessible through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were 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 owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.