Quantinno Capital Management LP increased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 48.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,988 shares of the specialty chemicals company's stock after purchasing an additional 10,378 shares during the quarter. Quantinno Capital Management LP's holdings in Sherwin-Williams were worth $12,209,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in SHW. Valued Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 32 shares during the period. HHM Wealth Advisors LLC raised its stake in Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after buying an additional 45 shares during the last quarter. First Personal Financial Services purchased a new position in Sherwin-Williams during the third quarter valued at $29,000. Semmax Financial Advisors Inc. raised its stake in Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 60 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in Sherwin-Williams during the third quarter valued at $32,000. Hedge funds and other institutional investors own 77.67% of the company's stock.
Sherwin-Williams Stock Performance
Shares of Sherwin-Williams stock traded down $5.47 on Thursday, hitting $386.60. 567,900 shares of the company's stock were exchanged, compared to its average volume of 1,637,507. The company has a 50-day simple moving average of $379.71 and a 200-day simple moving average of $348.78. The stock has a market capitalization of $97.37 billion, a PE ratio of 39.05, a PEG ratio of 3.19 and a beta of 1.19. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter last year, the firm posted $3.20 EPS. The firm's quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.
Sherwin-Williams Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.
Wall Street Analyst Weigh In
SHW has been the subject of several analyst reports. Wells Fargo & Company raised their price target 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. Barclays boosted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. BMO Capital Markets upped their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. Finally, StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $396.47.
Get Our Latest Report on SHW
Insider Activity at Sherwin-Williams
In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.
About Sherwin-Williams
(
Free Report)
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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