Tidal Investments LLC Buys 1,567 Shares of The Sherwin-Williams Company (NYSE:SHW)

Tidal Investments LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,153 shares of the specialty chemicals company's stock after acquiring an additional 1,567 shares during the period. Tidal Investments LLC's holdings in Sherwin-Williams were worth $6,165,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SHW. Griffin Asset Management Inc. raised its stake in shares of Sherwin-Williams by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock valued at $3,548,000 after buying an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Sherwin-Williams by 2.4% in the third quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock worth $458,000 after purchasing an additional 28 shares in the last quarter. GHP Investment Advisors Inc. raised its position in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after purchasing an additional 28 shares in the last quarter. Allworth Financial LP lifted its stake in Sherwin-Williams by 1.8% during the third quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock worth $595,000 after purchasing an additional 28 shares during the period. Finally, First Interstate Bank boosted its holdings in Sherwin-Williams by 1.9% during the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock valued at $560,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Transactions at Sherwin-Williams

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 transaction, the senior vice president now owns 6,329 shares of the company's stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction on 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 sale, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Citigroup dropped their price objective on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Robert W. Baird boosted their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. BMO Capital Markets upped their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. Finally, Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $396.47.

Sherwin-Williams Trading Down 0.6 %

SHW stock traded down $2.35 during midday trading on Friday, reaching $364.50. The stock had a trading volume of 1,118,837 shares, compared to its average volume of 1,640,481. The firm has a market cap of $91.80 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 3.00 and a beta of 1.19. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. 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 business has a fifty day simple moving average of $379.11 and a two-hundred day simple moving average of $351.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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). 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 for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the firm earned $3.20 EPS. The firm's quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

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.