Versor Investments LP Buys New Position in The Sherwin-Williams Company (NYSE:SHW)

Versor Investments LP bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,311 shares of the specialty chemicals company's stock, valued at approximately $500,000.

Several other large investors have also modified their holdings of SHW. Valued Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services acquired a new stake in Sherwin-Williams in the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. raised its position 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 valued at $33,000 after buying an additional 28 shares in the last quarter. HHM Wealth Advisors LLC increased its position in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock worth $27,000 after purchasing an additional 45 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Sherwin-Williams during the 3rd quarter worth approximately $38,000. 77.67% of the stock is owned by institutional investors.

Insider Transactions at Sherwin-Williams

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 transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SHW shares. Robert W. Baird increased their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Redburn Atlantic raised Sherwin-Williams to a "strong-buy" rating in a research report on Thursday, July 18th. Barclays upped their price target 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. Morgan Stanley increased their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, BMO Capital Markets boosted their price target on Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. 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 issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $396.47.

Sherwin-Williams Stock Performance

Shares of SHW stock traded down $9.47 during trading hours on Friday, hitting $378.99. 1,711,805 shares of the company were exchanged, compared to its average volume of 1,634,481. The firm has a fifty day simple moving average of $376.06 and a 200 day simple moving average of $341.19. The stock has a market capitalization of $95.45 billion, a price-to-earnings ratio of 38.31, a P/E/G ratio of 3.12 and a beta of 1.17. The Sherwin-Williams Company has a 52-week low of $264.54 and a 52-week high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

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 analysts' consensus estimates of $3.56 by ($0.19). The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.20 earnings per share. Research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.75%. Sherwin-Williams's dividend payout ratio is presently 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.