The Sherwin-Williams Company $SHW Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.1% in the second quarter, Holdings Channel reports. The fund owned 5,450 shares of the specialty chemicals company’s stock after buying an additional 112 shares during the period. Brookstone Capital Management’s holdings in Sherwin-Williams were worth $1,871,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Sherwin-Williams by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company’s stock valued at $7,711,004,000 after buying an additional 245,896 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after buying an additional 1,505,341 shares during the period. Alliancebernstein L.P. grew its stake in shares of Sherwin-Williams by 2.2% in the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock valued at $1,539,652,000 after buying an additional 93,209 shares during the period. PineStone Asset Management Inc. grew its stake in shares of Sherwin-Williams by 12.0% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company’s stock valued at $577,222,000 after buying an additional 180,616 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Sherwin-Williams by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company’s stock valued at $536,495,000 after buying an additional 64,325 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company set a $395.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday, October 10th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Mizuho decreased their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Finally, UBS Group restated a “buy” rating and issued a $400.00 price objective (up from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.13.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $333.64 on Friday. The firm has a market cap of $83.19 billion, a P/E ratio of 33.10, a P/E/G ratio of 3.11 and a beta of 1.20. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The firm’s 50 day moving average price is $350.33 and its 200-day moving average price is $347.98.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $3.70 earnings per share. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 31.35%.

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.