Solstein Capital LLC Purchases 208 Shares of The Sherwin-Williams Company $SHW

Solstein Capital LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 358.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 266 shares of the specialty chemicals company’s stock after purchasing an additional 208 shares during the period. Solstein Capital LLC’s holdings in Sherwin-Williams were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHW. Brighton Jones LLC grew its holdings in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Sherwin-Williams by 19.8% during the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock worth $1,636,000 after purchasing an additional 773 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Sherwin-Williams by 12.1% in the first quarter. Creative Financial Designs Inc. ADV now owns 869 shares of the specialty chemicals company’s stock worth $304,000 after acquiring an additional 94 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Sherwin-Williams by 24.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,323 shares of the specialty chemicals company’s stock worth $17,465,000 after acquiring an additional 9,962 shares during the period. Finally, CFM Wealth Partners LLC lifted its stake in shares of Sherwin-Williams by 1.9% in the first quarter. CFM Wealth Partners LLC now owns 17,198 shares of the specialty chemicals company’s stock worth $6,005,000 after acquiring an additional 326 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on SHW shares. Mizuho cut their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Friday. Citigroup reaffirmed a “neutral” rating and issued a $380.00 price objective (up from $375.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. BMO Capital Markets cut their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company set a $395.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $387.13.

Insider Activity at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW opened at $333.64 on Monday. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The business’s 50 day moving average price is $350.33 and its two-hundred day moving average price is $348.30. The firm has a market cap of $83.19 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 3.13 and a beta of 1.20.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is currently 31.35%.

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.