Mizuho Markets Americas LLC Has $6.76 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Mizuho Markets Americas LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,717 shares of the specialty chemicals company's stock after selling 2,832 shares during the period. Mizuho Markets Americas LLC's holdings in Sherwin-Williams were worth $6,762,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV raised its stake in shares of Sherwin-Williams by 13.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company's stock valued at $694,000 after acquiring an additional 209 shares in the last quarter. Tamar Securities LLC increased its position in Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock worth $18,608,000 after buying an additional 1,604 shares during the period. Valeo Financial Advisors LLC increased its position in Sherwin-Williams by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company's stock worth $787,000 after buying an additional 193 shares during the period. Transcend Capital Advisors LLC increased its position in Sherwin-Williams by 24.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company's stock worth $2,329,000 after buying an additional 1,514 shares during the period. Finally, Handelsbanken Fonder AB increased its position in Sherwin-Williams by 4.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company's stock worth $37,449,000 after buying an additional 4,074 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $8.74 during trading hours on Friday, reaching $378.99. 1,722,807 shares of the stock were exchanged, compared to its average volume of 1,634,530. The firm has a market capitalization of $95.45 billion, a price-to-earnings ratio of 37.75, a P/E/G ratio of 3.12 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 stock's fifty day simple moving average is $376.42 and its 200 day simple moving average is $341.69.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share 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 the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business posted $3.20 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 yield of 0.75%. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

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 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 sale, the chief financial officer now owns 63,520 shares of the company's stock, valued at approximately $23,301,041.60. This trade represents a 18.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SHW. Barclays lifted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. Evercore ISI boosted their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Citigroup lowered their price objective 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $396.47.

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.