AEGON ASSET MANAGEMENT UK Plc Purchases 6,312 Shares of The Sherwin-Williams Company (NYSE:SHW)

AEGON ASSET MANAGEMENT UK Plc grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,742 shares of the specialty chemicals company's stock after acquiring an additional 6,312 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Sherwin-Williams were worth $28,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of SHW. Norden Group LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter worth $329,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Sherwin-Williams by 2.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 17,082 shares of the specialty chemicals company's stock worth $5,933,000 after purchasing an additional 346 shares during the period. Empowered Funds LLC raised its stake in shares of Sherwin-Williams by 25.5% during the 1st quarter. Empowered Funds LLC now owns 4,248 shares of the specialty chemicals company's stock worth $1,475,000 after purchasing an additional 863 shares during the period. WealthPLAN Partners LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter worth $205,000. Finally, Montag A & Associates Inc. raised its stake in shares of Sherwin-Williams by 10.5% during the 1st quarter. Montag A & Associates Inc. now owns 2,343 shares of the specialty chemicals company's stock worth $814,000 after purchasing an additional 223 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded up $2.67 during midday trading on Friday, hitting $386.67. 2,209,492 shares of the company's stock were exchanged, compared to its average volume of 1,642,280. The Sherwin-Williams Company has a 12-month low of $251.69 and a 12-month high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The company has a market cap of $97.38 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 3.07 and a beta of 1.17. The business's fifty day moving average price is $374.21 and its two-hundred day moving average price is $338.89.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results 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 firm had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.20 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.32 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. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams's dividend payout ratio is currently 28.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 63,520 shares of the company's stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SHW shares. The Goldman Sachs Group boosted their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. BMO Capital Markets boosted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Barclays boosted their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada lowered their price objective on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.