9,600 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by IAM Advisory LLC

IAM Advisory LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,600 shares of the specialty chemicals company’s stock, valued at approximately $2,768,000. Sherwin-Williams accounts for approximately 1.2% of IAM Advisory LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SHW. Gradient Investments LLC increased its stake in Sherwin-Williams by 217.2% in the second quarter. Gradient Investments LLC now owns 92 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 63 shares during the last quarter. FFT Wealth Management LLC purchased a new stake in Sherwin-Williams in the 2nd quarter worth approximately $25,000. Pacitti Group Inc. lifted its stake in Sherwin-Williams by 200.0% in the second quarter. Pacitti Group Inc. now owns 96 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 64 shares during the period. Corbenic Partners LLC boosted its stake in shares of Sherwin-Williams by 200.0% during the 2nd quarter. Corbenic Partners LLC now owns 105 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Finally, Tarbox Family Office Inc. boosted its position in Sherwin-Williams by 200.0% during the 2nd quarter. Tarbox Family Office Inc. now owns 105 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

In other news, insider Joseph F. Sladek sold 432 shares of the company’s stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $302.32, for a total transaction of $130,602.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bryan J. Young sold 1,662 shares of the company’s stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $303.75, for a total value of $504,832.50. Following the sale, the senior vice president now owns 3,849 shares of the company’s stock, valued at $1,169,133.75. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Shares of SHW stock opened at $328.02 on Thursday. The Sherwin-Williams Company has a fifty-two week low of $218.06 and a fifty-two week high of $340.45. The company has a 50 day moving average price of $306.52 and a 200 day moving average price of $294.15. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.55 and a current ratio of 0.83. The stock has a market capitalization of $86.01 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Monday, October 25th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 75.00% and a net margin of 10.00%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same period in the previous year, the business earned $2.76 EPS. Sherwin-Williams’s revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts forecast that The Sherwin-Williams Company will post 8.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Shareholders of record on Friday, November 19th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, November 18th. This represents a $2.20 dividend on an annualized basis and a yield of 0.67%. Sherwin-Williams’s payout ratio is 30.15%.

Several research firms have commented on SHW. Mizuho assumed coverage on Sherwin-Williams in a report on Tuesday, October 12th. They issued a “buy” rating and a $352.00 target price on the stock. Citigroup cut Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $331.00 to $309.00 in a research report on Thursday, September 9th. KeyCorp raised their target price on Sherwin-Williams from $330.00 to $350.00 and gave the stock an “overweight” rating in a report on Wednesday, October 27th. They noted that the move was a valuation call. Berenberg Bank upped their price target on shares of Sherwin-Williams from $278.00 to $310.00 and gave the stock a “hold” rating in a research report on Friday, October 29th. Finally, Morgan Stanley upped their price objective on Sherwin-Williams from $315.00 to $345.00 and gave the stock an “overweight” rating in a research note on Friday, August 20th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $355.65.

Sherwin-Williams Profile

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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