Hilltop Holdings Inc. Has $1.69 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Hilltop Holdings Inc. boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 127.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,432 shares of the specialty chemicals company's stock after purchasing an additional 2,482 shares during the quarter. Hilltop Holdings Inc.'s holdings in Sherwin-Williams were worth $1,691,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of 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 during the last quarter. PineStone Asset Management Inc. lifted its position in Sherwin-Williams by 132.8% during the 2nd 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 during the period. Assenagon Asset Management S.A. lifted its position in Sherwin-Williams by 610.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company's stock valued at $311,971,000 after purchasing an additional 898,143 shares during the period. International Assets Investment Management LLC lifted its position in Sherwin-Williams by 40,317.4% during the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company's stock valued at $277,361,000 after purchasing an additional 724,907 shares during the period. Finally, Jensen Investment Management Inc. acquired a new position in Sherwin-Williams during the 2nd quarter valued at about $169,770,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHW has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Morgan Stanley lifted their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Wells Fargo & Company boosted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Citigroup decreased their target price on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, Evercore ISI boosted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $396.47.

Sherwin-Williams Price Performance

Shares of SHW stock traded down $3.25 during trading hours on Wednesday, reaching $392.07. The company had a trading volume of 1,205,446 shares, compared to its average volume of 1,642,185. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The stock has a fifty day moving average of $379.71 and a 200-day moving average of $348.78. The company has a market capitalization of $98.74 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 3.19 and a beta of 1.19. The Sherwin-Williams Company has a 12-month low of $278.45 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company earned $3.20 earnings per share. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.73%. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the firm's stock in a transaction that occurred 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 trade represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares of the company's stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

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.