Foundations Investment Advisors LLC Increases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Foundations Investment Advisors LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 85.1% during the second quarter, HoldingsChannel reports. The firm owned 1,920 shares of the specialty chemicals company’s stock after purchasing an additional 883 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Sherwin-Williams were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SHW. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Sherwin-Williams by 5.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock worth $77,510,000 after buying an additional 13,984 shares during the last quarter. Waterloo Capital L.P. acquired a new position in shares of Sherwin-Williams during the fourth quarter worth about $360,000. Valeo Financial Advisors LLC raised its holdings in Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after purchasing an additional 193 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Sherwin-Williams by 7.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock valued at $532,000 after purchasing an additional 103 shares during the period. Finally, Brevan Howard Capital Management LP boosted its holdings in Sherwin-Williams by 259.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock valued at $2,183,000 after purchasing an additional 5,049 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.2 %

SHW opened at $360.83 on Friday. The firm has a market cap of $91.02 billion, a P/E ratio of 38.47, a PEG ratio of 2.90 and a beta of 1.17. The business’s fifty day simple moving average is $339.22 and its 200 day simple moving average is $324.88. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $371.19. 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 released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $3.29 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $0.715 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.79%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SHW. BMO Capital Markets reissued an “outperform” rating and issued a $400.00 price target (up from $386.00) on shares of Sherwin-Williams in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. Robert W. Baird boosted their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Jefferies Financial Group increased their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Barclays boosted their price objective 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $362.68.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction on 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 $23,301,041.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.