Sivia Capital Partners LLC Acquires New Stake in The Sherwin-Williams Company (NYSE:SHW)

by · The Cerbat Gem

Sivia Capital Partners LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 580 shares of the specialty chemicals company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Valeo Financial Advisors LLC increased its holdings in Sherwin-Williams by 7.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after purchasing an additional 193 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Sherwin-Williams by 7.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock worth $532,000 after acquiring an additional 103 shares in the last quarter. Transcend Capital Advisors LLC boosted its position in shares of Sherwin-Williams by 24.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after acquiring an additional 1,514 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Sherwin-Williams by 11.6% during the 1st quarter. Park Avenue Securities LLC now owns 4,331 shares of the specialty chemicals company’s stock worth $1,504,000 after acquiring an additional 449 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock worth $37,449,000 after acquiring an additional 4,074 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.9 %

Sherwin-Williams stock traded up $3.60 during midday trading on Monday, reaching $382.59. The stock had a trading volume of 240,971 shares, compared to its average volume of 1,536,161. The stock’s 50-day simple moving average is $366.02 and its 200 day simple moving average is $332.19. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $385.25. The stock has a market capitalization of $96.51 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 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 period last year, the company posted $3.29 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Analysts expect that The Sherwin-Williams Company will post 11.5 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s payout ratio is 29.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHW. BMO Capital Markets upped their target price on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Robert W. Baird increased their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $370.39.

Get Our Latest Research Report on Sherwin-Williams

Insider Transactions at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

(Free Report)

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.

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