Eaton Financial Holdings Company LLC Buys New Shares in The Sherwin-Williams Company (NYSE:SHW)

Eaton Financial Holdings Company LLC bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,594 shares of the specialty chemicals company's stock, valued at approximately $608,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHW. Tudor Financial Inc. bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth $252,000. Hohimer Wealth Management LLC grew its position in Sherwin-Williams by 1.5% in the third quarter. Hohimer Wealth Management LLC now owns 4,070 shares of the specialty chemicals company's stock worth $1,553,000 after buying an additional 61 shares during the last quarter. Soltis Investment Advisors LLC acquired a new position in Sherwin-Williams in the third quarter worth approximately $3,079,000. Rehmann Capital Advisory Group increased its holdings in shares of Sherwin-Williams by 6.9% in the third quarter. Rehmann Capital Advisory Group now owns 1,117 shares of the specialty chemicals company's stock valued at $427,000 after buying an additional 72 shares in the last quarter. Finally, Hobbs Group Advisors LLC lifted its position in shares of Sherwin-Williams by 540.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 474 shares of the specialty chemicals company's stock valued at $181,000 after acquiring an additional 400 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SHW shares. StockNews.com cut Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Citigroup dropped their price target on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Finally, Barclays boosted their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.47.

Sherwin-Williams Stock Down 1.4 %

Shares of SHW traded down $5.09 during midday trading on Thursday, reaching $366.85. 1,207,019 shares of the stock were exchanged, compared to its average volume of 1,642,605. The company has a market cap of $92.39 billion, a price-to-earnings ratio of 36.62, a P/E/G ratio of 3.10 and a beta of 1.19. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a 50 day simple moving average of $379.37 and a 200-day simple moving average of $351.26.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.78%. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

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.