OneAscent Wealth Management LLC Makes New $1.37 Million Investment in The Sherwin-Williams Company (NYSE:SHW)

OneAscent Wealth Management LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,598 shares of the specialty chemicals company's stock, valued at approximately $1,373,000. Sherwin-Williams makes up about 0.5% of OneAscent Wealth Management LLC's portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC lifted its stake in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after buying an additional 32 shares during the last quarter. First Personal Financial Services purchased a new stake in Sherwin-Williams in the 3rd quarter valued at approximately $29,000. GHP Investment Advisors Inc. grew its holdings in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 28 shares during the period. HHM Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after purchasing an additional 45 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $38,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 value of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares of the company's stock, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SHW shares. Morgan Stanley upped their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Evercore ISI upped their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. UBS Group reiterated an "underperform" rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Jefferies Financial Group raised their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $396.47.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $3.63 during midday trading on Monday, reaching $375.36. 1,511,881 shares of the stock traded hands, compared to its average volume of 1,633,714. The Sherwin-Williams Company has a fifty-two week low of $269.28 and a fifty-two week high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The firm has a market cap of $94.54 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 3.05 and a beta of 1.17. The firm has a fifty day moving average price of $376.42 and a two-hundred day moving average price of $342.26.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the firm posted $3.20 EPS. The company's quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, November 15th. Sherwin-Williams's dividend payout ratio is currently 28.49%.

Sherwin-Williams 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.