Jupiter Asset Management Ltd. Acquires 805 Shares of The Sherwin-Williams Company (NYSE:SHW)

Jupiter Asset Management Ltd. lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 145,754 shares of the specialty chemicals company’s stock after purchasing an additional 805 shares during the period. Jupiter Asset Management Ltd.’s holdings in Sherwin-Williams were worth $43,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. HHM Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 45 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. VitalStone Financial LLC grew its holdings in shares of Sherwin-Williams by 233.3% in 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 last quarter. Anfield Capital Management LLC bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $38,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Sherwin-Williams in the first quarter worth approximately $47,000. Institutional investors own 77.67% of the company’s stock.

Insider Activity

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $371.60 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $94.22 billion, a P/E ratio of 39.62, a P/E/G ratio of 2.83 and a beta of 1.17. The business has a fifty day simple moving average of $343.62 and a two-hundred day simple moving average of $326.02. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $372.34.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.77%. Sherwin-Williams’s payout ratio is presently 30.49%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SHW shares. Barclays raised their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 price target on shares of Sherwin-Williams in a research note on Friday, August 30th. KeyCorp raised their price target on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price target (up previously from $386.00) on shares of Sherwin-Williams in a research note on Wednesday, September 4th. Finally, Robert W. Baird raised their price target on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued 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 a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

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.