B. Riley Wealth Advisors Inc. Purchases 4,038 Shares of The Sherwin-Williams Company (NYSE:SHW)

B. Riley Wealth Advisors Inc. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 50.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,056 shares of the specialty chemicals company’s stock after acquiring an additional 4,038 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Sherwin-Williams were worth $2,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its position in Sherwin-Williams by 19.5% in the 2nd quarter. Sei Investments Co. now owns 141,937 shares of the specialty chemicals company’s stock worth $31,729,000 after purchasing an additional 23,174 shares during the period. Alpha Paradigm Partners LLC bought a new stake in Sherwin-Williams in the 3rd quarter worth approximately $373,000. Kentucky Retirement Systems Insurance Trust Fund grew its position in Sherwin-Williams by 3.4% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,452 shares of the specialty chemicals company’s stock worth $1,731,000 after purchasing an additional 276 shares during the period. Daiwa Securities Group Inc. grew its position in Sherwin-Williams by 3.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 16,177 shares of the specialty chemicals company’s stock worth $3,312,000 after purchasing an additional 475 shares during the period. Finally, SG Americas Securities LLC grew its position in Sherwin-Williams by 74.6% in the 3rd quarter. SG Americas Securities LLC now owns 14,397 shares of the specialty chemicals company’s stock worth $2,948,000 after purchasing an additional 6,150 shares during the period. Institutional investors own 76.03% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Sherwin-Williams from $245.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, January 30th. Royal Bank of Canada dropped their price target on shares of Sherwin-Williams from $285.00 to $267.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 31st. BMO Capital Markets dropped their price target on shares of Sherwin-Williams from $283.00 to $231.00 and set a “market perform” rating on the stock in a research note on Friday, January 27th. Mizuho dropped their price target on shares of Sherwin-Williams from $267.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, January 27th. Finally, UBS Group lifted their price target on shares of Sherwin-Williams from $242.00 to $255.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.39.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $217.32 on Friday. The company’s 50-day moving average price is $231.21 and its 200-day moving average price is $230.41. The Sherwin-Williams Company has a twelve month low of $195.24 and a twelve month high of $285.00. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 3.09. The company has a market cap of $56.08 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07.

Sherwin-Williams (NYSE:SHW – Get Rating) last posted its earnings results on Thursday, January 26th. The specialty chemicals company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.05. Sherwin-Williams had a net margin of 9.12% and a return on equity of 90.04%. The firm had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period in the previous year, the firm posted $1.34 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that The Sherwin-Williams Company will post 8.71 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Monday, February 27th were issued a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 1.11%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, February 24th. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

Insider Activity at Sherwin-Williams

In related news, CEO John G. Morikis acquired 2,207 shares of the stock in a transaction on Friday, January 27th. The stock was bought at an average cost of $226.70 per share, with a total value of $500,326.90. Following the transaction, the chief executive officer now directly owns 231,344 shares in the company, valued at $52,445,684.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sherwin-Williams news, SVP Bryan J. Young sold 2,750 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $220.76, for a total value of $607,090.00. Following the completion of the sale, the senior vice president now directly owns 7,955 shares of the company’s stock, valued at approximately $1,756,145.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John G. Morikis acquired 2,207 shares of the stock in a transaction on Friday, January 27th. The stock was bought at an average cost of $226.70 per share, with a total value of $500,326.90. Following the completion of the transaction, the chief executive officer now owns 231,344 shares in the company, valued at $52,445,684.80. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.

Sherwin-Williams Profile

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The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.