Soltis Investment Advisors LLC Takes $3.08 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Soltis Investment Advisors LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,067 shares of the specialty chemicals company's stock, valued at approximately $3,079,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Valued Wealth Advisors LLC grew its position in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after buying an additional 45 shares in the last quarter. First Personal Financial Services bought a new stake in Sherwin-Williams in the 3rd quarter worth approximately $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 worth $31,000 after acquiring an additional 60 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the third quarter valued at $32,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Up 0.1 %

Shares of SHW traded up $0.34 during trading hours on Wednesday, hitting $371.94. The company had a trading volume of 1,283,860 shares, compared to its average volume of 1,644,426. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company's fifty day moving average price is $379.49 and its two-hundred day moving average price is $351.11. The company has a market capitalization of $93.67 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 3.10 and a beta of 1.19. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its 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 net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the business earned $3.20 earnings per share. Sherwin-Williams's revenue was up .7% on a year-over-year basis. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

Insiders Place Their Bets

In other news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated 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 transaction, 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 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 dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares of the company's stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on SHW. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Royal Bank of Canada dropped their price target on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group increased their price target on Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a report on Monday, August 26th. BMO Capital Markets raised their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Finally, UBS Group reiterated an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $396.47.

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.