560 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Lazari Capital Management Inc.

Lazari Capital Management Inc. bought a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 560 shares of the specialty chemicals company’s stock, valued at approximately $214,000.

Other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its stake 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 worth $27,000 after buying an additional 45 shares during the period. Semmax Financial Advisors Inc. raised its position in shares of Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares during the period. VitalStone Financial LLC raised its position in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the period. Anfield Capital Management LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at about $38,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at approximately $41,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on SHW shares. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Tuesday. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Robert W. Baird upped their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets upped their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $385.41.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $361.27 on Wednesday. The company has a fifty day moving average price of $371.59 and a two-hundred day moving average price of $334.45. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $392.57. The stock has a market cap of $91.13 billion, a P/E ratio of 36.83, a P/E/G ratio of 3.04 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business posted $3.20 earnings per share. As a group, equities analysts predict that The Sherwin-Williams Company will post 11.49 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is presently 29.15%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

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.