Archford Capital Strategies LLC bought a new position in shares of Sherwin-Williams Co (NYSE:SHW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,527 shares of the specialty chemicals company’s stock, valued at approximately $622,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in Sherwin-Williams by 5.1% in the first quarter. Wells Fargo & Company MN now owns 751,700 shares of the specialty chemicals company’s stock valued at $294,756,000 after purchasing an additional 36,572 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Sherwin-Williams by 10.3% in the first quarter. Daiwa Securities Group Inc. now owns 2,774 shares of the specialty chemicals company’s stock valued at $1,088,000 after purchasing an additional 258 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Sherwin-Williams by 100.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 2,475 shares of the specialty chemicals company’s stock valued at $970,000 after purchasing an additional 1,240 shares during the last quarter. Mackay Shields LLC purchased a new position in Sherwin-Williams in the first quarter valued at approximately $5,431,000. Finally, American Century Companies Inc. lifted its stake in Sherwin-Williams by 3.0% in the first quarter. American Century Companies Inc. now owns 5,552 shares of the specialty chemicals company’s stock valued at $2,177,000 after purchasing an additional 161 shares during the last quarter. 78.94% of the stock is owned by hedge funds and other institutional investors.

NYSE:SHW opened at $462.52 on Friday. The firm has a market cap of $43.11 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 2.00 and a beta of 1.24. Sherwin-Williams Co has a 1 year low of $336.27 and a 1 year high of $465.75. The company has a current ratio of 1.20, a quick ratio of 0.75 and a debt-to-equity ratio of 2.59.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 24th. The specialty chemicals company reported $5.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.59 by $0.14. The firm had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.65 billion. Sherwin-Williams had a return on equity of 46.68% and a net margin of 10.84%. The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.52 earnings per share. analysts predict that Sherwin-Williams Co will post 19.3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Friday, August 17th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.11%.

In related news, SVP Thomas P. Gilligan sold 5,080 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $458.04, for a total value of $2,326,843.20. Following the sale, the senior vice president now owns 7,043 shares in the company, valued at $3,225,975.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David F. Hodnik sold 524 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $447.19, for a total value of $234,327.56. Following the completion of the sale, the director now owns 10,105 shares in the company, valued at approximately $4,518,854.95. The disclosure for this sale can be found here. Insiders sold 34,775 shares of company stock worth $15,411,619 in the last quarter. 0.78% of the stock is currently owned by company insiders.

Several equities analysts recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $465.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, July 25th. Northcoast Research reiterated a “buy” rating and issued a $465.00 price objective on shares of Sherwin-Williams in a research note on Friday, July 27th. Credit Suisse Group set a $457.00 price objective on Sherwin-Williams and gave the company a “buy” rating in a research note on Wednesday, May 23rd. Morgan Stanley upped their price objective on Sherwin-Williams from $425.00 to $455.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Finally, Seaport Global Securities restated a “buy” rating and set a $475.00 target price on shares of Sherwin-Williams in a research report on Friday, July 27th. Nine analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $461.60.

Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

Further Reading: What is a Leveraged Buyout (LBO)?

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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