Sherwin-Williams Co (NYSE:SHW) Shares Acquired by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. lifted its position in shares of Sherwin-Williams Co (NYSE:SHW) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,279 shares of the specialty chemicals company’s stock after acquiring an additional 95 shares during the period. First Allied Advisory Services Inc.’s holdings in Sherwin-Williams were worth $701,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Sherwin-Williams by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,262,410 shares of the specialty chemicals company’s stock worth $3,328,290,000 after buying an additional 51,401 shares during the last quarter. BlackRock Inc. grew its stake in Sherwin-Williams by 1.7% during the 2nd quarter. BlackRock Inc. now owns 5,530,261 shares of the specialty chemicals company’s stock worth $2,534,464,000 after buying an additional 90,828 shares during the last quarter. Northern Trust Corp grew its stake in Sherwin-Williams by 6.0% during the 2nd quarter. Northern Trust Corp now owns 940,308 shares of the specialty chemicals company’s stock worth $430,934,000 after buying an additional 53,369 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Sherwin-Williams by 10,335.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 910,704 shares of the specialty chemicals company’s stock worth $417,367,000 after buying an additional 901,977 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Sherwin-Williams by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 636,790 shares of the specialty chemicals company’s stock worth $291,833,000 after buying an additional 6,113 shares during the last quarter. 76.55% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Aaron M. Erter sold 3,280 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $580.62, for a total transaction of $1,904,433.60. Following the completion of the transaction, the insider now owns 6,786 shares of the company’s stock, valued at $3,940,087.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas P. Gilligan sold 4,250 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $570.10, for a total value of $2,422,925.00. Following the transaction, the senior vice president now directly owns 8,189 shares of the company’s stock, valued at approximately $4,668,548.90. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

A number of research analysts recently commented on the company. Royal Bank of Canada set a $631.00 price objective on Sherwin-Williams and gave the stock a “buy” rating in a research note on Friday, October 25th. Deutsche Bank upped their price objective on Sherwin-Williams from $550.00 to $640.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Credit Suisse Group upped their price objective on Sherwin-Williams from $587.00 to $610.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Wolfe Research assumed coverage on Sherwin-Williams in a research note on Tuesday, October 8th. They set a “peer perform” rating and a $606.00 price objective for the company. Finally, Wells Fargo & Co upped their price objective on Sherwin-Williams from $565.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Twelve investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $579.59.

NYSE:SHW opened at $586.08 on Tuesday. Sherwin-Williams Co has a 1 year low of $365.20 and a 1 year high of $597.00. The stock has a market cap of $54.78 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.35 and a beta of 1.27. The business has a fifty day moving average of $567.11 and a 200-day moving average of $505.34. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.63 and a current ratio of 1.01.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $6.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.46 by $0.19. Sherwin-Williams had a return on equity of 50.96% and a net margin of 7.81%. The company had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter in the prior year, the business posted $5.68 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Sherwin-Williams Co will post 21.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $4.52 annualized dividend and a yield of 0.77%. Sherwin-Williams’s dividend payout ratio is currently 24.39%.

About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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