Aigen Investment Management LP Invests $577,000 in The Sherwin-Williams Company (NYSE:SHW)

Aigen Investment Management LP acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,513 shares of the specialty chemicals company's stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC increased its holdings in Sherwin-Williams by 5.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,191 shares of the specialty chemicals company's stock valued at $5,798,000 after buying an additional 769 shares during the period. Savvy Advisors Inc. bought a new stake in Sherwin-Williams in the third quarter valued at about $217,000. Ashton Thomas Private Wealth LLC raised its position in Sherwin-Williams by 17.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,797 shares of the specialty chemicals company's stock worth $686,000 after purchasing an additional 270 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Sherwin-Williams by 8.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 586,316 shares of the specialty chemicals company's stock worth $223,779,000 after buying an additional 48,013 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Sherwin-Williams by 3.2% during the third quarter. Harbour Investments Inc. now owns 2,738 shares of the specialty chemicals company's stock valued at $1,045,000 after acquiring an additional 84 shares during the period. 77.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SHW. Morgan Stanley raised their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Jefferies Financial Group boosted their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Royal Bank of Canada dropped their target price on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Redburn Atlantic upgraded Sherwin-Williams to a "strong-buy" rating in a report on Thursday, July 18th. Finally, Barclays boosted their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. One 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 stock. According to MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $396.47.

Insider Buying and Selling at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm's stock in a transaction on Friday, August 30th. The shares were 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 owns 63,520 shares of the company's stock, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of SHW opened at $387.29 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a market capitalization of $97.54 billion, a PE ratio of 38.57, a P/E/G ratio of 3.09 and a beta of 1.17. The stock has a 50 day simple moving average of $375.00 and a 200 day simple moving average of $340.53. The Sherwin-Williams Company has a 52-week low of $258.52 and a 52-week high of $392.57.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $3.20 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams's payout ratio is presently 28.49%.

Sherwin-Williams Company 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.