Miracle Mile Advisors LLC Raises Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Miracle Mile Advisors LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 336.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,625 shares of the specialty chemicals company's stock after buying an additional 5,106 shares during the quarter. Miracle Mile Advisors LLC's holdings in Sherwin-Williams were worth $2,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Nations Financial Group Inc. IA ADV lifted its holdings in shares of 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 worth $694,000 after purchasing an additional 209 shares in the last quarter. Tamar Securities LLC raised its holdings in Sherwin-Williams by 3.4% during the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock worth $18,608,000 after buying an additional 1,604 shares during the last quarter. Swedbank AB lifted its stake in shares of Sherwin-Williams by 4.2% in 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 in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Sherwin-Williams during the third quarter valued at about $6,424,000. Finally, Handelsbanken Fonder AB increased its position in shares of 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 acquiring an additional 4,074 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

NYSE SHW traded up $5.53 on Tuesday, hitting $341.65. 1,501,384 shares of the stock traded hands, compared to its average volume of 1,672,619. The firm has a market capitalization of $86.05 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 2.94 and a beta of 1.22. The business's fifty day moving average is $365.83 and its two-hundred day moving average is $359.11. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

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 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 firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company posted $3.20 EPS. The firm's revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams's payout ratio is currently 28.49%.

Insider Buying and Selling

In other news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 6,329 shares of the company's stock, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent research reports. Royal Bank of Canada dropped their price target 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. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Morgan Stanley increased their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $402.25.

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.