Caisse DE Depot ET Placement DU Quebec Acquires 39,809 Shares of The Sherwin-Williams Company (NYSE:SHW)

Caisse DE Depot ET Placement DU Quebec lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 63.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,280 shares of the specialty chemicals company's stock after buying an additional 39,809 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Sherwin-Williams were worth $39,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in Sherwin-Williams by 18.2% in the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock worth $2,474,238,000 after purchasing an additional 999,164 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Sherwin-Williams by 2.9% during the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company's stock worth $573,538,000 after purchasing an additional 53,487 shares during the period. PineStone Asset Management Inc. raised its position in shares of Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company's stock valued at $480,291,000 after buying an additional 917,979 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Sherwin-Williams by 18.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company's stock valued at $454,917,000 after buying an additional 238,031 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Sherwin-Williams by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company's stock worth $542,387,000 after buying an additional 15,843 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

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

Sherwin-Williams Trading Down 0.4 %

Shares of Sherwin-Williams stock traded down $1.73 on Monday, hitting $395.67. The stock had a trading volume of 1,538,704 shares, compared to its average volume of 1,646,726. The stock has a 50 day moving average of $378.94 and a 200 day moving average of $347.31. The firm has a market capitalization of $99.65 billion, a P/E ratio of 39.40, a PEG ratio of 3.20 and a beta of 1.17. The Sherwin-Williams Company has a twelve month low of $278.45 and a twelve month high of $400.42. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

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). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $3.20 earnings per share. Sell-side analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced 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 0.72%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams's payout ratio is presently 28.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SHW shares. Jefferies Financial Group upped their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, August 26th. Wells Fargo & Company upped their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $396.47.

About Sherwin-Williams

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.