Dupont Capital Management Corp Invests $8.37 Million in The Sherwin-Williams Company (NYSE:SHW)

Dupont Capital Management Corp acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,936 shares of the specialty chemicals company's stock, valued at approximately $8,372,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHW. PineStone Asset Management Inc. lifted its holdings 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 last quarter. Assenagon Asset Management S.A. increased its position in Sherwin-Williams by 610.0% in 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 acquiring an additional 898,143 shares in the last quarter. Jensen Investment Management Inc. acquired a new stake in Sherwin-Williams in the 2nd quarter valued at about $169,770,000. 1832 Asset Management L.P. increased its position in Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company's stock valued at $422,654,000 after acquiring an additional 496,326 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Sherwin-Williams by 192.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company's stock valued at $116,322,000 after acquiring an additional 258,511 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW opened at $361.27 on Wednesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $392.57. The firm's 50 day moving average price is $371.59 and its two-hundred day moving average price is $334.45. The firm has a market cap of $91.13 billion, a P/E ratio of 36.83, a PEG ratio of 3.04 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts' consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the previous year, the firm posted $3.29 earnings per share. The business's revenue was up .5% on a year-over-year basis. On average, analysts forecast that The Sherwin-Williams Company will post 11.49 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams's payout ratio is currently 29.15%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating in a research report on Tuesday. UBS Group restated an "underperform" rating on shares of Sherwin-Williams in a research report on Friday. Royal Bank of Canada restated an "outperform" rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research report on Friday, August 30th. Wells Fargo & Company raised their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Finally, Evercore ISI raised their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average target price of $385.41.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares of the company's stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.

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