Benjamin Edwards Inc. Has $46.80 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Benjamin Edwards Inc. lifted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2,087.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,591 shares of the specialty chemicals company's stock after buying an additional 116,986 shares during the period. Benjamin Edwards Inc.'s holdings in Sherwin-Williams were worth $46,801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Valued Wealth Advisors LLC increased its holdings in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 32 shares during the period. HHM Wealth Advisors LLC lifted its position in Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock worth $27,000 after buying an additional 45 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $29,000. Semmax Financial Advisors Inc. grew its holdings in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock valued at $31,000 after acquiring an additional 60 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the third quarter worth $32,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $1.73 on Monday, hitting $395.67. The company's stock had a trading volume of 1,524,000 shares, compared to its average volume of 1,646,069. The company has a fifty day moving average price of $378.94 and a 200-day moving average price of $347.31. The firm has a market cap of $99.65 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 3.20 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $278.45 and a one year high of $400.42. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

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). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business's revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $3.20 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams's dividend payout ratio is 28.49%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SHW shares. StockNews.com downgraded Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Citigroup dropped their price objective on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $396.47.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company's stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

About Sherwin-Williams

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.