SageView Advisory Group LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

SageView Advisory Group LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 778 shares of the specialty chemicals company’s stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Griffin Asset Management Inc. lifted its position in Sherwin-Williams by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock worth $3,548,000 after acquiring an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Sherwin-Williams by 2.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock worth $458,000 after purchasing an additional 28 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Sherwin-Williams by 47.5% during 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 period. Allworth Financial LP grew its holdings in Sherwin-Williams by 1.8% in the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock valued at $595,000 after buying an additional 28 shares during the last quarter. Finally, First Interstate Bank grew its holdings in Sherwin-Williams by 1.9% in the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after buying an additional 28 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHW has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

Insider Activity at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Down 0.1 %

SHW opened at $384.96 on Friday. The firm has a market cap of $96.95 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 3.16 and a beta of 1.19. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm’s 50-day simple moving average is $379.78 and its 200-day simple moving average is $349.83.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $3.20 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, November 15th. Sherwin-Williams’s payout ratio is presently 28.49%.

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.