The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1,468.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,649 shares of the specialty chemicals company's stock after acquiring an additional 21,205 shares during the period. Sherwin-Williams makes up 0.9% of Entropy Technologies LP's holdings, making the stock its 5th biggest holding. Entropy Technologies LP's holdings in Sherwin-Williams were worth $8,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Griffin Asset Management Inc. lifted its holdings in Sherwin-Williams by 0.3% in the third quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock worth $3,548,000 after purchasing an additional 26 shares during the period. Capital Advisors Ltd. LLC increased its stake in Sherwin-Williams by 2.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock valued at $458,000 after buying an additional 28 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after purchasing an additional 28 shares during the period. Allworth Financial LP increased its position in Sherwin-Williams by 1.8% during the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock worth $595,000 after purchasing an additional 28 shares in the last quarter. Finally, First Interstate Bank boosted its stake in Sherwin-Williams by 1.9% during the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $5.58 during mid-day trading on Tuesday, reaching $383.67. The company had a trading volume of 1,143,312 shares, compared to its average volume of 1,637,867. The company has a market cap of $96.63 billion, a P/E ratio of 38.77, a P/E/G ratio of 3.12 and a beta of 1.17. The business has a fifty day simple moving average of $374.60 and a 200 day simple moving average of $339.99. 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 Sherwin-Williams Company has a fifty-two week low of $252.75 and a fifty-two week high of $392.57.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 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 business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the firm earned $3.20 earnings per share. The company's revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, November 15th. Sherwin-Williams's payout ratio is 28.49%.

Analyst Ratings Changes

SHW has been the subject of a number of research reports. Robert W. Baird boosted their price target 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. Wells Fargo & Company boosted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. UBS Group reissued an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Royal Bank of Canada reduced their price target on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com downgraded Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $396.47.

Insiders Place Their Bets

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Company 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.