Sanctuary Advisors LLC Purchases 6,308 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sanctuary Advisors LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,295 shares of the specialty chemicals company's stock after buying an additional 6,308 shares during the period. Sanctuary Advisors LLC's holdings in Sherwin-Williams were worth $16,812,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC grew its position in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 32 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of Sherwin-Williams by 102.3% in the 2nd 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 in the last quarter. First Personal Financial Services bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $29,000. Semmax Financial Advisors Inc. raised its holdings in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 60 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Sherwin-Williams in the 3rd quarter worth approximately $32,000. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % 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 Mary L. Garceau sold 15,770 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 1.1 %

Shares of NYSE SHW traded down $3.92 during midday trading on Friday, hitting $362.93. 444,167 shares of the company traded hands, compared to its average volume of 1,637,623. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a market cap of $91.40 billion, a P/E ratio of 36.54, a P/E/G ratio of 3.00 and a beta of 1.19. The stock has a 50-day moving average price of $379.24 and a 200 day moving average price of $351.37. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $6.20 billion. During the same quarter last year, the company posted $3.20 EPS. The firm's revenue was up .7% on a year-over-year basis. As a group, analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a $0.715 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.79%. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group lifted their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. BMO Capital Markets lifted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. UBS Group reissued an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, StockNews.com lowered Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. One equities 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $396.47.

About Sherwin-Williams

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.