Swmg LLC Invests $781,000 in The Sherwin-Williams Company (NYSE:SHW)

Swmg LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,017 shares of the specialty chemicals company's stock, valued at approximately $781,000.

Other institutional investors have also added to or reduced their stakes in the company. SageView Advisory Group LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at $297,000. Quantinno Capital Management LP grew its stake in Sherwin-Williams by 48.0% in the 3rd quarter. Quantinno Capital Management LP now owns 31,988 shares of the specialty chemicals company's stock worth $12,209,000 after buying an additional 10,378 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of Sherwin-Williams by 3.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 109,766 shares of the specialty chemicals company's stock valued at $41,894,000 after buying an additional 3,200 shares in the last quarter. Port Capital LLC boosted its stake in Sherwin-Williams by 14.6% in the third quarter. Port Capital LLC now owns 85,042 shares of the specialty chemicals company's stock worth $32,458,000 after buying an additional 10,805 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its stake in shares of Sherwin-Williams by 5.9% in the third quarter. Motley Fool Asset Management LLC now owns 12,045 shares of the specialty chemicals company's stock worth $4,584,000 after buying an additional 676 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 1.7 %

Shares of Sherwin-Williams stock traded down $6.83 on Thursday, reaching $385.24. The stock had a trading volume of 1,375,800 shares, compared to its average volume of 1,641,051. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $97.02 billion, a P/E ratio of 39.05, a P/E/G ratio of 3.19 and a beta of 1.19. The company has a 50 day moving average price of $379.71 and a 200 day moving average price of $348.78. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid 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 yield of 0.74%. Sherwin-Williams's payout ratio is 28.49%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on SHW shares. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Jefferies Financial Group raised their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a research note on Monday, August 26th. Morgan Stanley upped their price target on Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. BMO Capital Markets lifted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Finally, Barclays boosted their target price 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $396.47.

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.