Aptus Capital Advisors LLC Acquires 3,339 Shares of The Sherwin-Williams Company (NYSE:SHW)

Aptus Capital Advisors LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,601 shares of the specialty chemicals company's stock after acquiring an additional 3,339 shares during the quarter. Aptus Capital Advisors LLC's holdings in Sherwin-Williams were worth $8,626,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SHW. Valued Wealth Advisors LLC increased its holdings in shares of Sherwin-Williams by 88.9% in 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. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at $29,000. GHP Investment Advisors Inc. raised its position in shares of Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 28 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after acquiring an additional 45 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in Sherwin-Williams in the third quarter valued at about $38,000. 77.67% of the stock is currently owned by institutional investors.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company's stock in a transaction dated 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 owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

SHW has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. KeyCorp reiterated a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Jefferies Financial Group raised their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, BMO Capital Markets raised their target price on Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $396.47.

Sherwin-Williams Stock Up 0.9 %

Shares of SHW stock traded up $3.62 on Wednesday, hitting $387.29. 1,171,018 shares of the stock were exchanged, compared to its average volume of 1,635,756. The business has a 50-day moving average of $375.00 and a 200 day moving average of $340.53. The Sherwin-Williams Company has a fifty-two week low of $258.52 and a fifty-two week high of $392.57. The firm has a market capitalization of $97.54 billion, a P/E ratio of 38.72, a price-to-earnings-growth ratio of 3.09 and a beta of 1.17. 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 released its quarterly 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 analyst estimates of $6.20 billion. During the same period last year, the company earned $3.20 EPS. The company's revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

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 given a dividend of $0.715 per share. 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 dividend payout ratio (DPR) is presently 28.49%.

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.