Zurich Insurance Group Ltd FI Has $22.20 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Zurich Insurance Group Ltd FI lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 609.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,166 shares of the specialty chemicals company's stock after acquiring an additional 49,966 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in Sherwin-Williams were worth $22,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SHW. Valued Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 32 shares during the period. HHM Wealth Advisors LLC boosted its position in Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after buying an additional 45 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams during the third quarter valued at about $29,000. Semmax Financial Advisors Inc. grew its stake in shares of Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock valued at $31,000 after acquiring an additional 60 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the third quarter worth about $32,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

SHW stock traded down $0.28 during mid-day trading on Friday, reaching $384.96. The company had a trading volume of 1,909,970 shares, compared to its average volume of 2,331,429. 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 Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The stock's 50-day simple moving average is $379.78 and its two-hundred day simple moving average is $350.13. The stock has a market capitalization of $96.95 billion, a P/E ratio of 38.34, a P/E/G ratio of 3.16 and a beta of 1.19.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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). The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. Sherwin-Williams's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.20 EPS. Research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given 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 dividend yield of 0.74%. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SHW. Citigroup lowered 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. Jefferies Financial Group raised their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Barclays upped their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Evercore ISI raised their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, BMO Capital Markets upped their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. One investment 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.47.

Insider Activity

In other news, SVP Gregory P. Sofish sold 2,565 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the business'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 transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.