2,234 Shares in The Sherwin-Williams Company (NYSE:SHW) Purchased by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,234 shares of the specialty chemicals company's stock, valued at approximately $853,000.

Several other hedge funds have also modified their holdings of the stock. HHM Wealth Advisors LLC increased its position in Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock worth $27,000 after purchasing an additional 45 shares during the period. Semmax Financial Advisors Inc. raised its stake in shares of Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 60 shares during the last quarter. VitalStone Financial LLC raised its stake in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company's stock worth $33,000 after buying an additional 77 shares during the last quarter. Anfield Capital Management LLC acquired a new position in Sherwin-Williams in the second quarter valued at approximately $38,000. Finally, Meeder Asset Management Inc. bought a new position in Sherwin-Williams in the second quarter valued at approximately $41,000. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHW has been the subject of several recent research reports. Evercore ISI upped their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $418.00 price objective on shares of Sherwin-Williams in a report on Friday, August 30th. Barclays raised their target price on Sherwin-Williams from $315.00 to $355.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 24th. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a research note on Friday. Finally, Robert W. Baird increased their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a "neutral" rating in a research report on Wednesday, July 24th. Two research analysts have 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $377.33.

Sherwin-Williams Stock Down 0.2 %

Shares of Sherwin-Williams stock traded down $0.72 during trading on Friday, reaching $388.36. The stock had a trading volume of 1,241,207 shares, compared to its average volume of 1,529,468. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $97.97 billion, a price-to-earnings ratio of 39.59, a P/E/G ratio of 3.01 and a beta of 1.17. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $392.57. The stock has a fifty day moving average price of $370.58 and a two-hundred day moving average price of $333.88.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion for the quarter, compared to analysts' expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.29 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 11.5 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams's payout ratio is currently 29.15%.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company's stock.

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.