Haverford Trust Co lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,102 shares of the specialty chemicals company's stock after selling 1,347 shares during the period. Haverford Trust Co's holdings in Sherwin-Williams were worth $4,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Sherwin-Williams by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company's stock worth $7,509,601,000 after purchasing an additional 184,979 shares during the period. Capital International Investors increased its stake in shares of Sherwin-Williams by 10.5% during the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company's stock valued at $799,595,000 after buying an additional 219,149 shares during the period. Legal & General Group Plc raised its holdings in shares of Sherwin-Williams by 2.9% in the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company's stock valued at $573,538,000 after acquiring an additional 53,487 shares in the last quarter. PineStone Asset Management Inc. lifted its stake in Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company's stock worth $480,291,000 after acquiring an additional 917,979 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in Sherwin-Williams by 18.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company's stock valued at $454,917,000 after purchasing an additional 238,031 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.
Sherwin-Williams Price Performance
Shares of Sherwin-Williams stock traded up $1.22 during trading hours on Thursday, reaching $388.51. 1,276,624 shares of the company's stock were exchanged, compared to its average volume of 1,634,129. The business has a fifty day moving average of $375.49 and a two-hundred day moving average of $340.86. The company has a market capitalization of $97.85 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 3.09 and a beta of 1.17. 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 1 year low of $264.54 and a 1 year high of $392.57.
Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same period in the prior year, the company posted $3.20 EPS. The firm's revenue was up .7% on a year-over-year basis. As a group, research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
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 issued a $0.715 dividend. The ex-dividend date of this dividend 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%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group raised their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a report on Monday, August 26th. Barclays raised their target price 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. Finally, UBS Group reiterated an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $396.47.
View Our Latest Analysis on SHW
Insider Activity at Sherwin-Williams
In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business's stock in a transaction dated Friday, August 30th. The stock was 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 directly owns 63,520 shares of the company's stock, valued at approximately $23,301,041.60. The trade was a 18.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by 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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