2,336 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Aljian Capital Management LLC

Aljian Capital Management LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,336 shares of the specialty chemicals company's stock, valued at approximately $892,000.

Other hedge funds also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV increased its stake in Sherwin-Williams by 13.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company's stock worth $694,000 after purchasing an additional 209 shares in the last quarter. Tamar Securities LLC lifted its position in Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock valued at $18,608,000 after acquiring an additional 1,604 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Sherwin-Williams by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company's stock worth $787,000 after purchasing an additional 193 shares during the period. Transcend Capital Advisors LLC raised its stake in shares of Sherwin-Williams by 24.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company's stock valued at $2,329,000 after purchasing an additional 1,514 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of Sherwin-Williams by 4.3% during the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company's stock worth $37,449,000 after buying an additional 4,074 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 1.0 %

Sherwin-Williams stock traded down $3.63 during midday trading on Monday, reaching $375.36. The stock had a trading volume of 1,511,881 shares, compared to its average volume of 1,633,714. The company has a market capitalization of $94.54 billion, a P/E ratio of 37.39, a PEG ratio of 3.05 and a beta of 1.17. The Sherwin-Williams Company has a 12 month low of $269.28 and a 12 month high of $392.57. The company has a fifty day moving average price of $376.65 and a two-hundred day moving average price of $342.76. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly 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). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the company posted $3.20 EPS. The company's quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.

Insiders Place Their Bets

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm's stock in a transaction that occurred 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 directly owns 63,520 shares of the company's stock, valued at approximately $23,301,041.60. This trade represents a 18.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, August 26th. StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company 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.