United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases 24,794 Shares of The Sherwin-Williams Company (NYSE:SHW)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 61.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 65,039 shares of the specialty chemicals company's stock after purchasing an additional 24,794 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Sherwin-Williams were worth $24,823,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Griffin Asset Management Inc. grew its holdings 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 worth $3,548,000 after acquiring an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock worth $458,000 after acquiring an additional 28 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 28 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Sherwin-Williams by 1.8% in the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock worth $595,000 after acquiring an additional 28 shares during the last quarter. Finally, First Interstate Bank grew its holdings in shares of Sherwin-Williams by 1.9% in the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after acquiring an additional 28 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of SHW traded up $1.22 on Thursday, hitting $388.51. The company's stock had a trading volume of 1,276,624 shares, compared to its average volume of 1,634,129. The company has a market capitalization of $97.85 billion, a PE ratio of 38.57, a PEG ratio of 3.09 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The Sherwin-Williams Company has a fifty-two week low of $264.54 and a fifty-two week high of $392.57. The company has a 50 day moving average price of $375.49 and a 200 day moving average price of $340.86.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted 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 return on equity of 74.45% and a net margin of 11.09%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the company posted $3.20 EPS. The firm's quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate 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 declared 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams's dividend payout ratio (DPR) is currently 28.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company's 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. This represents a 18.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SHW has been the topic of a number of research analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. Evercore ISI lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Finally, Redburn Atlantic upgraded Sherwin-Williams to a "strong-buy" rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.