Creative Financial Designs Inc. ADV Has $349,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Creative Financial Designs Inc. ADV reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 916 shares of the specialty chemicals company’s stock after selling 55 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Sherwin-Williams were worth $349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Sherwin-Williams by 0.9% during the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after buying an additional 184,979 shares during the last quarter. Capital International Investors lifted its position in shares of Sherwin-Williams by 10.5% during the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock valued at $799,595,000 after purchasing an additional 219,149 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Sherwin-Williams by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock worth $573,538,000 after buying an additional 53,487 shares in the last quarter. PineStone Asset Management Inc. increased its position in shares of Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after acquiring an additional 917,979 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in Sherwin-Williams by 18.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after purchasing an additional 238,031 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 0.2 %

SHW opened at $357.97 on Friday. 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 $240.00 and a 52 week high of $392.57. The stock has a market cap of $90.15 billion, a PE ratio of 35.65, a PEG ratio of 2.89 and a beta of 1.18. The business has a 50 day moving average of $372.36 and a 200-day moving average of $336.57.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results 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 during 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 business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.20 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.80%. Sherwin-Williams’s payout ratio is currently 28.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price 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, October 15th. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Robert W. Baird lifted their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $395.29.

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.