New Perspectives Inc Invests $1.37 Million in The Sherwin-Williams Company (NYSE:SHW)

New Perspectives Inc acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,600 shares of the specialty chemicals company’s stock, valued at approximately $1,374,000. Sherwin-Williams accounts for 0.7% of New Perspectives Inc’s investment portfolio, making the stock its 13th largest position.

Several other large investors have also bought and sold shares of the stock. HHM Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 102.3% in the 2nd 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 period. Semmax Financial Advisors Inc. lifted its holdings in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 60 shares during the period. VitalStone Financial LLC lifted its holdings in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 77 shares during the period. Anfield Capital Management LLC bought a new stake in Sherwin-Williams during the second quarter valued at $38,000. Finally, Meeder Asset Management Inc. acquired a new stake in Sherwin-Williams during the 2nd quarter worth about $41,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $388.36 on Friday. The firm has a market capitalization of $98.47 billion, a P/E ratio of 41.40, a PEG ratio of 3.01 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $392.57. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The business has a fifty day moving average price of $370.58 and a 200-day moving average price of $333.88.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. Sherwin-Williams’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.29 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 11.5 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm 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 dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is 30.49%.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SHW shares. BMO Capital Markets boosted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Jefferies Financial Group boosted their price target on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $418.00 price objective on shares of Sherwin-Williams in a research report on Friday, August 30th. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, Robert W. Baird increased their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $383.35.

About Sherwin-Williams

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.