Kovitz Investment Group Partners LLC Buys 7,014 Shares of The Sherwin-Williams Company (NYSE:SHW)

Kovitz Investment Group Partners LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,999 shares of the specialty chemicals company's stock after buying an additional 7,014 shares during the period. Kovitz Investment Group Partners LLC's holdings in Sherwin-Williams were worth $34,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Griffin Asset Management Inc. raised its position in shares of Sherwin-Williams by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock worth $3,548,000 after acquiring an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Sherwin-Williams by 2.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock worth $458,000 after buying an additional 28 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of 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 acquiring an additional 28 shares in the last quarter. Allworth Financial LP raised its stake 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 buying an additional 28 shares during the period. Finally, First Interstate Bank increased its holdings in shares of Sherwin-Williams by 1.9% during the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock valued at $560,000 after acquiring an additional 28 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHW has been the subject of a number of recent research reports. UBS Group restated an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. KeyCorp reaffirmed a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. BMO Capital Markets increased their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company upped their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus price target of $396.47.

Insider Transactions at Sherwin-Williams

In related news, 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 $2,396,349.27. This represents a 28.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded down $0.28 during trading hours on Friday, reaching $384.96. The company had a trading volume of 1,909,970 shares, compared to its average volume of 2,331,429. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The firm has a market cap of $96.95 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 3.16 and a beta of 1.19. The business has a fifty day simple moving average of $379.74 and a 200 day simple moving average of $349.03.

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 analysts' consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.20 earnings per share. On average, analysts anticipate 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 was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, November 15th. Sherwin-Williams's dividend payout ratio is currently 28.49%.

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.