The Sherwin-Williams Company (NYSE:SHW) Stock Position Increased by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,996 shares of the specialty chemicals company's stock after purchasing an additional 1,873 shares during the quarter. Metis Global Partners LLC's holdings in Sherwin-Williams were worth $8,777,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SHW. Valued Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 32 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock worth $27,000 after purchasing an additional 45 shares during the last quarter. First Personal Financial Services purchased a new position in Sherwin-Williams in the third quarter worth $29,000. Semmax Financial Advisors Inc. raised its position in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock worth $31,000 after acquiring an additional 60 shares in the last quarter. Finally, VitalStone Financial LLC raised its position in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Up 0.3 %

Shares of NYSE:SHW traded up $1.22 during mid-day trading on Thursday, hitting $388.51. 1,276,624 shares of the company traded hands, compared to its average volume of 1,634,129. The firm has a market cap of $97.85 billion, a P/E ratio of 38.57, a PEG ratio of 3.09 and a beta of 1.17. 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 Sherwin-Williams Company has a 52-week low of $264.54 and a 52-week high of $392.57. The firm's 50 day simple moving average is $375.49 and its 200 day simple moving average is $340.86.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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). The company 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 quarter in the previous year, the business posted $3.20 earnings per share. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued 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 dividend yield of 0.74%. Sherwin-Williams's payout ratio is currently 28.49%.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 18.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Redburn Atlantic upgraded Sherwin-Williams to a "strong-buy" rating in a research report on Thursday, July 18th. Morgan Stanley increased their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. 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 report on Monday, September 30th. JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group raised their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $396.47.

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.