895 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Ted Buchan & Co

Ted Buchan & Co acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 895 shares of the specialty chemicals company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Advisory Alpha LLC raised its position in shares of Sherwin-Williams by 0.6% in the second quarter. Advisory Alpha LLC now owns 5,585 shares of the specialty chemicals company’s stock worth $1,667,000 after buying an additional 36 shares in the last quarter. Truist Financial Corp raised its position in Sherwin-Williams by 0.9% during the second quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company’s stock valued at $15,579,000 after purchasing an additional 446 shares in the last quarter. EP Wealth Advisors LLC raised its position in Sherwin-Williams by 4.5% during the second quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company’s stock valued at $1,163,000 after purchasing an additional 166 shares in the last quarter. Regal Investment Advisors LLC raised its position in Sherwin-Williams by 5.0% during the second quarter. Regal Investment Advisors LLC now owns 2,714 shares of the specialty chemicals company’s stock valued at $810,000 after purchasing an additional 130 shares in the last quarter. Finally, Quarry LP raised its position in Sherwin-Williams by 436.9% during the second quarter. Quarry LP now owns 451 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday. KeyCorp lifted their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group lifted their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Robert W. Baird raised their target price on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI raised their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $370.39.

Sherwin-Williams Price Performance

SHW stock opened at $381.67 on Tuesday. The firm has a 50 day moving average price of $360.87 and a 200-day moving average price of $330.01. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $385.25. The firm has a market capitalization of $96.77 billion, a price-to-earnings ratio of 40.69, a PEG ratio of 3.00 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

Sherwin-Williams (NYSE:SHW) last released its 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 net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period last year, the business earned $3.29 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Equities research analysts forecast that The Sherwin-Williams Company will post 11.47 EPS 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 issued a $0.715 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. Sherwin-Williams’s payout ratio is currently 30.49%.

Insider Buying and Selling

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

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.