Larson Financial Group LLC Increases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Larson Financial Group LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 176.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,065 shares of the specialty chemicals company’s stock after purchasing an additional 680 shares during the period. Larson Financial Group LLC’s holdings in Sherwin-Williams were worth $406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in Sherwin-Williams by 17.5% during the first quarter. Tidal Investments LLC now owns 18,255 shares of the specialty chemicals company’s stock worth $6,340,000 after buying an additional 2,717 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in Sherwin-Williams in the 1st quarter valued at approximately $417,000. Cim LLC raised its position in Sherwin-Williams by 0.8% in the first quarter. Cim LLC now owns 7,164 shares of the specialty chemicals company’s stock valued at $2,488,000 after purchasing an additional 54 shares during the period. LRI Investments LLC acquired a new position in Sherwin-Williams during the first quarter worth $308,000. Finally, Swedbank AB purchased a new position in shares of Sherwin-Williams during the first quarter worth $38,580,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 18.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction 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 sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock opened at $396.14 on Wednesday. The business has a 50 day moving average price of $377.90 and a 200 day moving average price of $345.63. 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 stock has a market cap of $99.77 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 3.13 and a beta of 1.17. The Sherwin-Williams Company has a fifty-two week low of $272.34 and a fifty-two week high of $400.31.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 28.49%.

Analyst Upgrades and Downgrades

SHW has been the topic of several research reports. Jefferies Financial Group increased their target price on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Wells Fargo & Company raised 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 note on Tuesday, October 15th. Citigroup dropped their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Robert W. Baird increased their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. One equities research 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $396.47.

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.