Lynch & Associates IN Has $1.54 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Lynch & Associates IN lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 10.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,154 shares of the specialty chemicals company’s stock after purchasing an additional 480 shares during the quarter. Lynch & Associates IN’s holdings in Sherwin-Williams were worth $1,538,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in Sherwin-Williams in the second quarter valued at approximately $18,782,000. Norden Group LLC lifted its holdings in shares of Sherwin-Williams by 43.8% in the 2nd quarter. Norden Group LLC now owns 1,365 shares of the specialty chemicals company’s stock worth $407,000 after purchasing an additional 416 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Sherwin-Williams by 6.4% in the 2nd quarter. SRS Capital Advisors Inc. now owns 6,381 shares of the specialty chemicals company’s stock valued at $1,904,000 after purchasing an additional 384 shares during the period. Oxbow Advisors LLC increased its stake in Sherwin-Williams by 4.5% during the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock valued at $206,000 after purchasing an additional 30 shares in the last quarter. Finally, Torray Investment Partners LLC raised its holdings in Sherwin-Williams by 0.9% during the second quarter. Torray Investment Partners LLC now owns 16,500 shares of the specialty chemicals company’s stock worth $4,924,000 after buying an additional 147 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SHW shares. BMO Capital Markets reiterated an “outperform” rating and set a $400.00 price objective (up from $386.00) on shares of Sherwin-Williams in a report on Wednesday. Robert W. Baird lifted their price target on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research note on Friday, August 30th. Wells Fargo & Company raised their target price on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Finally, UBS Group increased their price target on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

Sherwin-Williams Stock Up 0.2 %

SHW stock opened at $360.83 on Friday. The stock has a 50-day simple moving average of $339.22 and a two-hundred day simple moving average of $324.97. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $371.19. The firm has a market capitalization of $91.49 billion, a PE ratio of 38.47, a PEG ratio of 2.85 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the firm posted $3.29 EPS. Sherwin-Williams’s revenue was up .5% on a year-over-year basis. On average, equities analysts predict that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.79%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

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.