Toronto Dominion Bank Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Toronto Dominion Bank raised its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,365 shares of the specialty chemicals company's stock after buying an additional 2,028 shares during the period. Toronto Dominion Bank's holdings in Sherwin-Williams were worth $46,321,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Sherwin-Williams by 7.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,412 shares of the specialty chemicals company's stock worth $5,495,000 after purchasing an additional 1,330 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Sherwin-Williams by 1.8% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,383 shares of the specialty chemicals company's stock worth $778,000 after purchasing an additional 42 shares in the last quarter. Swedbank AB raised its stake in Sherwin-Williams by 1.2% in the 2nd quarter. Swedbank AB now owns 112,374 shares of the specialty chemicals company's stock valued at $33,536,000 after purchasing an additional 1,297 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Sherwin-Williams by 610.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company's stock worth $311,971,000 after purchasing an additional 898,143 shares during the last quarter. Finally, Cordatus Wealth Management LLC purchased a new stake in shares of Sherwin-Williams during the second quarter worth $1,069,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares of the company's stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Barclays lifted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $396.47.

Sherwin-Williams Trading Down 1.4 %

SHW traded down $5.12 during mid-day trading on Thursday, hitting $366.82. 1,219,203 shares of the stock were exchanged, compared to its average volume of 1,642,605. The company has a market cap of $92.38 billion, a PE ratio of 36.62, a PEG ratio of 3.10 and a beta of 1.19. 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 firm's fifty day moving average is $379.37 and its two-hundred day moving average is $351.26. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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 business had revenue of $6.16 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $3.20 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Friday, November 15th. Sherwin-Williams's dividend payout ratio is currently 28.49%.

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.