Geode Capital Management LLC Has $1.80 Billion Holdings in The Sherwin-Williams Company (NYSE:SHW)

Geode Capital Management LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,733,131 shares of the specialty chemicals company's stock after acquiring an additional 58,463 shares during the period. Geode Capital Management LLC owned about 1.88% of Sherwin-Williams worth $1,799,196,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Valued Wealth Advisors LLC raised its stake in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 32 shares in 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 valued at $27,000 after purchasing an additional 45 shares in the last quarter. First Personal Financial Services bought a new stake in shares of Sherwin-Williams during the third quarter valued at about $29,000. Semmax Financial Advisors Inc. lifted its holdings 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 purchasing an additional 60 shares during the period. Finally, FSA Wealth Management LLC bought a new position in Sherwin-Williams in the 3rd quarter valued at about $32,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Up 0.1 %

NYSE SHW traded up $0.34 on Wednesday, reaching $371.94. The stock had a trading volume of 1,283,860 shares, compared to its average volume of 1,644,426. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The business has a 50 day moving average price of $379.49 and a 200 day moving average price of $351.11. The company has a market capitalization of $93.67 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 3.10 and a beta of 1.19.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly 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 firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.20 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, November 15th. Sherwin-Williams's payout ratio is presently 28.49%.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value 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 approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SHW shares. Evercore ISI raised their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. UBS Group reissued an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Jefferies Financial Group raised their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, August 26th. Finally, Robert W. Baird lifted their target price on Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $396.47.

About Sherwin-Williams

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.