Main Street Financial Solutions LLC Increases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Main Street Financial Solutions LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,445 shares of the specialty chemicals company’s stock after acquiring an additional 40 shares during the period. Main Street Financial Solutions LLC’s holdings in Sherwin-Williams were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. Waterloo Capital L.P. bought a new position in shares of Sherwin-Williams in the fourth quarter worth $360,000. Valeo Financial Advisors LLC increased its stake in Sherwin-Williams by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after acquiring an additional 193 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Sherwin-Williams by 7.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock valued at $532,000 after acquiring an additional 103 shares in the last quarter. Brevan Howard Capital Management LP boosted its position in shares of Sherwin-Williams by 259.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock valued at $2,183,000 after acquiring an additional 5,049 shares during the last quarter. Finally, Transcend Capital Advisors LLC grew its holdings in shares of Sherwin-Williams by 24.1% during the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after purchasing an additional 1,514 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.6 %

NYSE SHW opened at $373.97 on Friday. The stock has a market cap of $94.34 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 2.92 and a beta of 1.17. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $374.26. The stock has a 50 day simple moving average of $345.15 and a two-hundred day simple moving average of $326.36. 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 announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $3.29 earnings per share. On average, analysts forecast that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio (DPR) is 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 dated Friday, August 30th. The shares were 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 owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SHW has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. KeyCorp raised their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Company upped their target price on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, UBS Group lifted their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $362.68.

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.