Dupont Capital Management Corp grew its position in Sherwin-Williams Co (NYSE:SHW) by 24.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,259 shares of the specialty chemicals company’s stock after purchasing an additional 2,592 shares during the quarter. Dupont Capital Management Corp’s holdings in Sherwin-Williams were worth $6,036,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Sherwin-Williams by 2.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,965,703 shares of the specialty chemicals company’s stock valued at $1,616,302,000 after purchasing an additional 103,497 shares in the last quarter. Fiera Capital Corp grew its position in shares of Sherwin-Williams by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 1,327,123 shares of the specialty chemicals company’s stock valued at $540,895,000 after buying an additional 15,992 shares during the last quarter. Bank of America Corp DE grew its position in shares of Sherwin-Williams by 6.0% in the 2nd quarter. Bank of America Corp DE now owns 1,285,163 shares of the specialty chemicals company’s stock valued at $523,795,000 after buying an additional 72,526 shares during the last quarter. Morgan Stanley grew its position in shares of Sherwin-Williams by 6.1% in the 2nd quarter. Morgan Stanley now owns 1,161,177 shares of the specialty chemicals company’s stock valued at $473,262,000 after buying an additional 67,038 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Sherwin-Williams by 5.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,118,210 shares of the specialty chemicals company’s stock valued at $438,474,000 after buying an additional 61,587 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.
In other Sherwin-Williams news, SVP Thomas P. Gilligan sold 5,080 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $458.04, for a total transaction of $2,326,843.20. Following the transaction, the senior vice president now directly owns 7,043 shares of the company’s stock, valued at approximately $3,225,975.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Stropki acquired 675 shares of the stock in a transaction on Monday, October 29th. The shares were acquired at an average cost of $375.00 per share, for a total transaction of $253,125.00. The disclosure for this purchase can be found here. Company insiders own 0.78% of the company’s stock.
Shares of Sherwin-Williams stock opened at $414.84 on Friday. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $479.64. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 2.19. The firm has a market cap of $37.93 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by ($0.03). Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.78 billion. On average, research analysts forecast that Sherwin-Williams Co will post 19.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, November 15th. Sherwin-Williams’s payout ratio is currently 24.11%.
A number of research analysts recently commented on SHW shares. Gabelli started coverage on shares of Sherwin-Williams in a research report on Friday, September 21st. They issued a “buy” rating and a $553.00 target price on the stock. Seaport Global Securities downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, September 17th. They noted that the move was a valuation call. ValuEngine downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Citigroup downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their target price for the company from $492.00 to $435.00 in a research report on Wednesday, October 10th. Finally, Credit Suisse Group set a $500.00 target price on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Monday, October 15th. Ten research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sherwin-Williams has a consensus rating of “Buy” and a consensus price target of $467.40.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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