1,112 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by Liberty Wealth Management LLC

Liberty Wealth Management LLC bought a new stake in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,112 shares of the specialty chemicals company’s stock, valued at approximately $332,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Sherwin-Williams by 0.9% in the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after acquiring an additional 184,979 shares in the last quarter. Capital World Investors boosted its stake in Sherwin-Williams by 38.9% during the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after purchasing an additional 1,075,351 shares in the last quarter. Norges Bank acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at $1,176,356,000. Clearbridge Investments LLC raised its stake in shares of Sherwin-Williams by 4.4% in the 4th quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock worth $866,862,000 after buying an additional 116,647 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Sherwin-Williams by 2.3% during the fourth quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock valued at $791,008,000 after buying an additional 56,161 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $363.90 on Tuesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The stock has a market capitalization of $91.80 billion, a P/E ratio of 38.80, a P/E/G ratio of 2.83 and a beta of 1.17. The business has a 50-day moving average of $340.58 and a two-hundred day moving average of $325.35. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $371.19.

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, 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 the consensus estimate of $6.33 billion. During the same quarter last year, the company posted $3.29 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Morgan Stanley boosted their target price on Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. KeyCorp increased their price target on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.