Tectonic Advisors LLC Invests $653,000 in The Sherwin-Williams Company (NYSE:SHW)

Tectonic Advisors LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,711 shares of the specialty chemicals company’s stock, valued at approximately $653,000.

A number of other institutional investors and hedge funds have also modified their holdings of SHW. 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 valued at $27,000 after purchasing an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. raised its stake in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares during the last quarter. VitalStone Financial LLC raised its stake in Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Anfield Capital Management LLC acquired a new position in Sherwin-Williams during the 2nd quarter valued at $38,000. Finally, Meeder Asset Management Inc. acquired a new position in Sherwin-Williams during the 2nd quarter valued at $41,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on SHW shares. Wells Fargo & Company upped their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group upped their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Morgan Stanley boosted their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $395.29.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $359.04 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $392.57. The company has a market cap of $91.03 billion, a PE ratio of 38.28, a PEG ratio of 2.87 and a beta of 1.17. The company’s 50-day moving average is $371.91 and its two-hundred day moving average is $334.83.

Sherwin-Williams (NYSE:SHW) last released its earnings results 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 net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts anticipate that The Sherwin-Williams Company will post 11.31 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.80%. Sherwin-Williams’s payout ratio is presently 30.49%.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by corporate 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.