Cabot Wealth Management Inc. Has $3.26 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Cabot Wealth Management Inc. increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 78.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,536 shares of the specialty chemicals company’s stock after acquiring an additional 3,741 shares during the period. Cabot Wealth Management Inc.’s holdings in Sherwin-Williams were worth $3,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHW. Centaurus Financial Inc. grew its position in Sherwin-Williams by 68.9% in the fourth quarter. Centaurus Financial Inc. now owns 1,417 shares of the specialty chemicals company’s stock valued at $442,000 after purchasing an additional 578 shares in the last quarter. Syon Capital LLC grew its position in Sherwin-Williams by 63.9% in the fourth quarter. Syon Capital LLC now owns 1,764 shares of the specialty chemicals company’s stock valued at $550,000 after purchasing an additional 688 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $808,000. MONECO Advisors LLC bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $221,000. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of Sherwin-Williams by 3.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,366 shares of the specialty chemicals company’s stock valued at $3,857,000 after acquiring an additional 405 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of SHW traded up $4.39 during midday trading on Tuesday, hitting $388.55. The company’s stock had a trading volume of 1,037,108 shares, compared to its average volume of 1,536,756. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $392.57. The company’s fifty day simple moving average is $366.92 and its two-hundred day simple moving average is $332.45. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $98.02 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17.

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, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the company posted $3.29 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.5 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.74%. Sherwin-Williams’s dividend payout ratio is currently 29.15%.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHW. Wells Fargo & Company lifted their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Robert W. Baird lifted their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. UBS Group increased their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Barclays boosted their price objective on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $373.17.

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.