CWA Asset Management Group LLC Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

CWA Asset Management Group LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,908 shares of the specialty chemicals company's stock, valued at approximately $1,873,000.

Other hedge funds have also added to or reduced their stakes in the company. Tamar Securities LLC lifted its holdings in shares of Sherwin-Williams by 3.4% during the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock valued at $18,608,000 after buying an additional 1,604 shares during the period. Valeo Financial Advisors LLC lifted its holdings in Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company's stock valued at $787,000 after acquiring an additional 193 shares during the period. Transcend Capital Advisors LLC boosted its position in Sherwin-Williams by 24.1% in the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company's stock worth $2,329,000 after purchasing an additional 1,514 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company's stock valued at $37,449,000 after purchasing an additional 4,074 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter valued at about $3,018,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 0.7 %

NYSE:SHW traded up $2.67 during mid-day trading on Friday, reaching $386.67. The company's stock had a trading volume of 2,209,492 shares, compared to its average volume of 2,559,190. 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 firm has a market capitalization of $97.38 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17. The stock has a fifty day moving average of $374.21 and a 200-day moving average of $339.14. The Sherwin-Williams Company has a 1 year low of $251.69 and a 1 year high of $392.57.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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). The business had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.20 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current 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 paid a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SHW shares. BMO Capital Markets lifted their target price on Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Redburn Atlantic upgraded Sherwin-Williams to a "strong-buy" rating in a research note on Thursday, July 18th. Robert W. Baird raised their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, Evercore ISI increased their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $396.47.

Insiders Place Their Bets

In other Sherwin-Williams 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.