The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc increased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 160,714 shares of the specialty chemicals company's stock after buying an additional 1,673 shares during the period. CIBC Asset Management Inc owned about 0.06% of Sherwin-Williams worth $61,255,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SHW. Vanguard Group Inc. increased its stake in Sherwin-Williams by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company's stock valued at $7,509,601,000 after buying an additional 184,979 shares during the period. Capital International Investors lifted its holdings in Sherwin-Williams by 10.5% in the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company's stock valued at $799,595,000 after buying an additional 219,149 shares during the period. Legal & General Group Plc raised its stake in Sherwin-Williams by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company's stock worth $573,538,000 after buying an additional 53,487 shares during the period. PineStone Asset Management Inc. lifted its holdings 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 purchasing an additional 917,979 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in 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 purchasing an additional 238,031 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. KeyCorp reaffirmed a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. Redburn Atlantic raised shares of Sherwin-Williams to a "strong-buy" rating in a research report on Thursday, July 18th. The Goldman Sachs Group raised their target price on shares of 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 increased 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. Finally, JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $396.47.

Sherwin-Williams Trading Down 2.1 %

Shares of SHW stock traded down $8.27 during trading hours on Friday, hitting $380.19. 973,090 shares of the company were exchanged, compared to its average volume of 1,631,153. The firm has a fifty day moving average of $376.06 and a 200 day moving average of $341.19. 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 Sherwin-Williams Company has a 1 year low of $264.54 and a 1 year high of $392.57. The firm has a market cap of $95.75 billion, a PE ratio of 38.31, a PEG ratio of 3.12 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same period in the prior year, the firm earned $3.20 earnings per share. The firm's quarterly revenue was up .7% on a year-over-year basis. Analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.75%. Sherwin-Williams's dividend payout ratio is currently 28.49%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company's stock.

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.