ING Groep NV Has $61.16 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

ING Groep NV grew its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,238 shares of the specialty chemicals company's stock after buying an additional 16,149 shares during the quarter. ING Groep NV owned 0.06% of Sherwin-Williams worth $61,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Sherwin-Williams by 5.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,775 shares of the specialty chemicals company's stock valued at $3,731,000 after buying an additional 498 shares during the period. Metis Global Partners LLC boosted its holdings in Sherwin-Williams by 8.9% during the third quarter. Metis Global Partners LLC now owns 22,996 shares of the specialty chemicals company's stock worth $8,777,000 after purchasing an additional 1,873 shares during the last quarter. Zions Bancorporation N.A. raised its position in Sherwin-Williams by 9.3% during the third quarter. Zions Bancorporation N.A. now owns 11,740 shares of the specialty chemicals company's stock worth $4,481,000 after acquiring an additional 1,001 shares in the last quarter. KBC Group NV raised its position in Sherwin-Williams by 218.8% during the third quarter. KBC Group NV now owns 127,010 shares of the specialty chemicals company's stock worth $48,476,000 after acquiring an additional 87,168 shares in the last quarter. Finally, Huntington National Bank raised its position in Sherwin-Williams by 19.7% during the third quarter. Huntington National Bank now owns 152,344 shares of the specialty chemicals company's stock worth $58,145,000 after acquiring an additional 25,037 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Trading Up 0.3 %

Sherwin-Williams stock traded up $1.22 during mid-day trading on Thursday, hitting $388.51. 1,276,624 shares of the stock were exchanged, compared to its average volume of 1,634,129. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12 month low of $264.54 and a 12 month high of $392.57. The firm's fifty day simple moving average is $375.49 and its two-hundred day simple moving average is $340.86. The stock has a market capitalization of $97.85 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 3.09 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The firm's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.20 EPS. Analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. Sherwin-Williams's dividend payout ratio is currently 28.49%.

Insider Activity

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction 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 completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 18.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SHW has been the topic of several research analyst reports. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Evercore ISI increased their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Finally, Robert W. Baird raised their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.