Huntington National Bank Buys 25,037 Shares of The Sherwin-Williams Company (NYSE:SHW)

Huntington National Bank raised its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 19.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 152,344 shares of the specialty chemicals company's stock after purchasing an additional 25,037 shares during the quarter. Huntington National Bank owned 0.06% of Sherwin-Williams worth $58,145,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Tamar Securities LLC lifted its stake in Sherwin-Williams by 3.4% during the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock valued at $18,608,000 after acquiring an additional 1,604 shares during the period. Valeo Financial Advisors LLC lifted its position in Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company's stock valued at $787,000 after purchasing an additional 193 shares during the period. Transcend Capital Advisors LLC grew its position in Sherwin-Williams by 24.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company's stock worth $2,329,000 after purchasing an additional 1,514 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company's stock valued at $37,449,000 after buying an additional 4,074 shares during the period. Finally, Sustainable Insight Capital Management LLC lifted its holdings in Sherwin-Williams by 584.6% in the third quarter. Sustainable Insight Capital Management LLC now owns 15,062 shares of the specialty chemicals company's stock valued at $5,749,000 after acquiring an additional 12,862 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Jefferies Financial Group lifted their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, August 26th. Evercore ISI boosted their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Redburn Atlantic upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Thursday, July 18th. UBS Group reissued an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, Robert W. Baird raised their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $396.47.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $0.25 during mid-day trading on Thursday, reaching $387.04. 268,593 shares of the company's stock traded hands, compared to its average volume of 1,629,570. The Sherwin-Williams Company has a 12-month low of $264.54 and a 12-month high of $392.57. 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 stock has a 50 day moving average of $375.49 and a two-hundred day moving average of $340.86. The company has a market cap of $97.48 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 posted 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 return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the firm earned $3.20 earnings per share. The business's quarterly revenue was up .7% on a year-over-year basis. Equities analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company's stock in a transaction on 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 transaction, the chief financial officer now owns 63,520 shares of the company's stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Company 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.