Fifth Third Bancorp lifted its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,105 shares of the specialty chemicals company’s stock after buying an additional 5,714 shares during the period. Fifth Third Bancorp owned approximately 0.11% of Sherwin-Williams worth $45,114,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $112,000. Rational Advisors LLC boosted its position in shares of Sherwin-Williams by 1,180.0% during the third quarter. Rational Advisors LLC now owns 256 shares of the specialty chemicals company’s stock valued at $117,000 after buying an additional 236 shares during the last quarter. Fort L.P. purchased a new stake in shares of Sherwin-Williams during the second quarter valued at $124,000. CWM LLC boosted its position in shares of Sherwin-Williams by 115.4% during the third quarter. CWM LLC now owns 280 shares of the specialty chemicals company’s stock valued at $127,000 after buying an additional 150 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $130,000. 76.27% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the company. Longbow Research assumed coverage on Sherwin-Williams in a research report on Friday, November 30th. They set a “neutral” rating on the stock. Deutsche Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the company from $400.00 to $465.00 in a research report on Tuesday. Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Credit Suisse Group dropped their price objective on Sherwin-Williams from $500.00 to $467.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Finally, Buckingham Research dropped their price objective on Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Ten research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $469.65.
Shares of NYSE:SHW opened at $389.50 on Friday. The stock has a market capitalization of $37.55 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.64 and a beta of 1.38. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.66 and a current ratio of 1.04. Sherwin-Williams Co has a 52-week low of $355.28 and a 52-week high of $479.64.
Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.71 by ($0.03). The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. As a group, equities analysts anticipate that Sherwin-Williams Co will post 19.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 16th were given a $0.86 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $3.44 annualized dividend and a yield of 0.88%. Sherwin-Williams’s payout ratio is 24.11%.
In other news, Director John M. Stropki bought 675 shares of the company’s stock in a transaction on Monday, October 29th. The shares were acquired at an average cost of $375.00 per share, with a total value of $253,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.
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.
Featured Story: Dividend Stocks – Are They Right For You?
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.