Prospera Private Wealth LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Prospera Private Wealth LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,831 shares of the specialty chemicals company's stock, valued at approximately $6,424,000. Sherwin-Williams comprises approximately 1.2% of Prospera Private Wealth LLC's investment portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its stake in Sherwin-Williams by 2.0% during the 3rd quarter. Avior Wealth Management LLC now owns 3,977 shares of the specialty chemicals company's stock valued at $1,518,000 after buying an additional 77 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sherwin-Williams by 1.2% in the third quarter. PNC Financial Services Group Inc. now owns 132,480 shares of the specialty chemicals company's stock worth $50,564,000 after acquiring an additional 1,632 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Sherwin-Williams during the third quarter valued at $22,291,000. Guardian Wealth Advisors LLC bought a new position in Sherwin-Williams in the third quarter valued at about $228,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in Sherwin-Williams in the third quarter worth about $252,000. Institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

SHW has been the topic of several recent research reports. UBS Group reiterated an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Morgan Stanley lifted their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Barclays boosted their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Evercore ISI raised their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Citigroup cut their price target on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average price target of $396.47.

Sherwin-Williams Stock Down 0.5 %

Shares of SHW stock opened at $373.49 on Wednesday. The company's fifty day simple moving average is $376.69 and its two-hundred day simple moving average is $343.20. The Sherwin-Williams Company has a 52 week low of $269.28 and a 52 week high of $392.57. The stock has a market cap of $94.06 billion, a P/E ratio of 37.20, a PEG ratio of 3.05 and a beta of 1.17. 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 announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the company posted $3.20 earnings per share. Sherwin-Williams's quarterly revenue was up .7% on a year-over-year basis. Analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, November 15th. Sherwin-Williams's dividend payout ratio is presently 28.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company's stock, valued at $23,301,041.60. The trade was a 18.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by insiders.

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.

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