Dynamic Advisor Solutions LLC Acquires 25,103 Shares of The Sherwin-Williams Company (NYSE:SHW)

Dynamic Advisor Solutions LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 200.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,617 shares of the specialty chemicals company’s stock after buying an additional 25,103 shares during the period. The Sherwin-Williams accounts for 0.8% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 19th biggest holding. Dynamic Advisor Solutions LLC’s holdings in The Sherwin-Williams were worth $10,249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. Wealthcare Advisory Partners LLC purchased a new position in The Sherwin-Williams during the 1st quarter valued at $30,000. Institutional & Family Asset Management LLC increased its position in The Sherwin-Williams by 312.5% during the 1st quarter. Institutional & Family Asset Management LLC now owns 66 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 50 shares in the last quarter. Standard Family Office LLC increased its position in The Sherwin-Williams by 1,875.0% during the 1st quarter. Standard Family Office LLC now owns 79 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 75 shares in the last quarter. FFT Wealth Management LLC acquired a new position in shares of The Sherwin-Williams in the second quarter valued at about $25,000. Finally, Gradient Investments LLC grew its holdings in The Sherwin-Williams by 217.2% during the second quarter. Gradient Investments LLC now owns 92 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 63 shares during the period. 75.94% of the stock is currently owned by institutional investors.

In other The Sherwin-Williams news, CEO John G. Morikis sold 155,520 shares of the stock in a transaction on Thursday, July 29th. The stock was sold at an average price of $288.92, for a total transaction of $44,932,838.40. Following the transaction, the chief executive officer now owns 433,251 shares of the company’s stock, valued at approximately $125,174,878.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Allen J. Mistysyn sold 22,749 shares of the stock in a transaction on Wednesday, July 28th. The shares were sold at an average price of $286.46, for a total value of $6,516,678.54. Following the completion of the sale, the chief financial officer now owns 41,099 shares of the company’s stock, valued at $11,773,219.54. The disclosure for this sale can be found here. Insiders sold a total of 213,903 shares of company stock worth $62,244,621 in the last 90 days. 0.51% of the stock is currently owned by insiders.

SHW has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on The Sherwin-Williams from $310.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, September 9th. Morgan Stanley raised their target price on The Sherwin-Williams from $315.00 to $345.00 and gave the stock an “overweight” rating in a research note on Friday, August 20th. Deutsche Bank Aktiengesellschaft raised their target price on The Sherwin-Williams from $315.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Wells Fargo & Company raised their target price on The Sherwin-Williams from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, September 10th. Finally, Loop Capital lifted their price objective on The Sherwin-Williams from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, June 9th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $331.75.

Shares of The Sherwin-Williams stock traded down $0.89 on Wednesday, hitting $297.97. The stock had a trading volume of 7,738 shares, compared to its average volume of 1,265,256. The Sherwin-Williams Company has a 52-week low of $218.06 and a 52-week high of $310.43. The company has a current ratio of 0.84, a quick ratio of 0.55 and a debt-to-equity ratio of 2.68. The stock has a market cap of $78.46 billion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 2.60 and a beta of 1.08. The company’s 50 day moving average price is $294.67 and its 200 day moving average price is $278.71.

The Sherwin-Williams (NYSE:SHW) last posted its earnings results on Monday, July 26th. The specialty chemicals company reported $2.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.68 by ($0.03). The firm had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.39 billion. The Sherwin-Williams had a net margin of 11.05% and a return on equity of 72.71%. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $7.10 earnings per share. Analysts predict that The Sherwin-Williams Company will post 9.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 20th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, August 19th. The Sherwin-Williams’s dividend payout ratio (DPR) is presently 26.86%.

The Sherwin-Williams Company 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 The Sherwin-Williams (NYSE:SHW)

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