Waypoint Capital Advisors LLC Invests $258,000 in The Sherwin-Williams Company (NYSE:SHW)

Waypoint Capital Advisors LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 677 shares of the specialty chemicals company’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. New Perspectives Inc bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $1,374,000. AA Financial Advisors LLC purchased a new stake in Sherwin-Williams in the third quarter worth $264,000. Embree Financial Group bought a new stake in shares of Sherwin-Williams during the third quarter worth $205,000. Raymond James & Associates boosted its stake in shares of Sherwin-Williams by 2.6% during the third quarter. Raymond James & Associates now owns 545,698 shares of the specialty chemicals company’s stock valued at $208,277,000 after purchasing an additional 13,575 shares during the period. Finally, Friedenthal Financial bought a new position in shares of Sherwin-Williams in the third quarter worth about $50,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $388.36 on Friday. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $392.57. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The company has a market cap of $98.47 billion, a PE ratio of 41.40, a P/E/G ratio of 3.01 and a beta of 1.17. The business has a 50-day simple moving average of $370.58 and a two-hundred day simple moving average of $333.88.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.29 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.5 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.74%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SHW shares. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Evercore ISI raised their price target on Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research note on Friday, August 30th. Finally, Barclays raised their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $383.35.

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.