IHT Wealth Management LLC Acquires 2,832 Shares of The Sherwin-Williams Company (NYSE:SHW)

IHT Wealth Management LLC raised its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 54.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 8,063 shares of the specialty chemicals company's stock after acquiring an additional 2,832 shares during the period. IHT Wealth Management LLC's holdings in Sherwin-Williams were worth $3,075,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV lifted its position in Sherwin-Williams by 13.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company's stock valued at $694,000 after acquiring an additional 209 shares in the last quarter. Tamar Securities LLC lifted its holdings in shares of Sherwin-Williams by 3.4% in the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock valued at $18,608,000 after purchasing an additional 1,604 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company's stock valued at $787,000 after buying an additional 193 shares during the last quarter. Swedbank AB boosted its position in shares of Sherwin-Williams by 4.2% during the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company's stock valued at $44,676,000 after buying an additional 4,681 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Sherwin-Williams by 4.3% during the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company's stock worth $37,449,000 after buying an additional 4,074 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $6.83 during midday trading on Thursday, reaching $385.24. The stock had a trading volume of 1,388,283 shares, compared to its average volume of 1,641,104. 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 firm has a market capitalization of $97.02 billion, a PE ratio of 38.37, a P/E/G ratio of 3.19 and a beta of 1.19. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The firm's 50-day moving average price is $379.74 and its 200 day moving average price is $349.03.

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 net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the firm earned $3.20 EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams's payout ratio is 28.49%.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 15,770 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction 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 position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on SHW. StockNews.com cut Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. JPMorgan Chase & Co. boosted 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. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Evercore ISI lifted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reduced their target price on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $396.47.

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.