Massachusetts Wealth Management Acquires 70 Shares of The Sherwin-Williams Company (NYSE:SHW)

Massachusetts Wealth Management increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,645 shares of the specialty chemicals company’s stock after acquiring an additional 70 shares during the quarter. Massachusetts Wealth Management’s holdings in Sherwin-Williams were worth $1,391,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Mediolanum International Funds Ltd lifted its holdings in Sherwin-Williams by 35.8% during the third quarter. Mediolanum International Funds Ltd now owns 33,626 shares of the specialty chemicals company’s stock worth $12,848,000 after acquiring an additional 8,856 shares during the period. Lake Street Advisors Group LLC lifted its holdings in Sherwin-Williams by 4.9% during the third quarter. Lake Street Advisors Group LLC now owns 5,838 shares of the specialty chemicals company’s stock worth $2,228,000 after acquiring an additional 274 shares during the period. Ballentine Partners LLC lifted its holdings in Sherwin-Williams by 13.2% during the third quarter. Ballentine Partners LLC now owns 4,521 shares of the specialty chemicals company’s stock worth $1,726,000 after acquiring an additional 526 shares during the period. Silver Oak Securities Incorporated lifted its holdings in Sherwin-Williams by 180.0% during the third quarter. Silver Oak Securities Incorporated now owns 1,498 shares of the specialty chemicals company’s stock worth $573,000 after acquiring an additional 963 shares during the period. Finally, Moody Lynn & Lieberson LLC lifted its holdings in Sherwin-Williams by 14.5% during the third quarter. Moody Lynn & Lieberson LLC now owns 8,456 shares of the specialty chemicals company’s stock worth $3,227,000 after acquiring an additional 1,069 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Transactions at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’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 completion of the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded up $2.02 during midday trading on Friday, hitting $363.61. 270,101 shares of the company’s stock were exchanged, compared to its average volume of 1,538,510. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $392.57. The stock has a 50-day moving average price of $371.81 and a two-hundred day moving average price of $334.64. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.50 and a current ratio of 0.83. The company has a market cap of $92.19 billion, a P/E ratio of 38.55, a PEG ratio of 2.87 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. Sherwin-Williams’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts forecast that The Sherwin-Williams Company will post 11.31 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.715 dividend. 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 currently 30.49%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SHW shares. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group boosted their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Robert W. Baird boosted their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets boosted their target price on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $395.29.

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.