Wilmington Savings Fund Society FSB Has $6.39 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Wilmington Savings Fund Society FSB boosted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2,092.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,747 shares of the specialty chemicals company's stock after acquiring an additional 15,983 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Sherwin-Williams were worth $6,392,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Griffin Asset Management Inc. increased its position in shares of Sherwin-Williams by 0.3% during the third quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock worth $3,548,000 after buying an additional 26 shares during the period. Allworth Financial LP grew its holdings in Sherwin-Williams by 1.8% in 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. GHP Investment Advisors Inc. grew its holdings 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 during the period. Capital Advisors Ltd. LLC grew its holdings 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 during the period. Finally, First Interstate Bank grew its holdings in Sherwin-Williams by 1.9% in the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after purchasing an additional 28 shares during the period. 77.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company's stock, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the company's stock in a transaction that occurred 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 owns 29,205 shares of the company's stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 0.8 %

SHW traded down $2.99 on Friday, hitting $363.86. The company had a trading volume of 496,753 shares, compared to its average volume of 1,637,850. The firm has a market cap of $91.64 billion, a P/E ratio of 36.54, a PEG ratio of 3.00 and a beta of 1.19. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company's fifty day moving average price is $379.24 and its 200 day moving average price is $351.37. 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 issued 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). The company had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $3.20 earnings per share. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.79%. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

Analyst Ratings Changes

A number of research firms recently weighed in on SHW. Barclays raised their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Royal Bank of Canada reduced their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. BMO Capital Markets boosted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Finally, UBS Group reissued an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus 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.