The Sherwin-Williams Company (NYSE:SHW) Holdings Boosted by Raymond James Trust N.A.

Raymond James Trust N.A. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.0% in the 3rd quarter, Holdings Channel reports. The firm owned 9,053 shares of the specialty chemicals company’s stock after acquiring an additional 263 shares during the quarter. Raymond James Trust N.A.’s holdings in Sherwin-Williams were worth $3,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PineStone Asset Management Inc. increased its position in Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after buying an additional 917,979 shares during the period. Assenagon Asset Management S.A. lifted its position in Sherwin-Williams by 610.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock valued at $311,971,000 after purchasing an additional 898,143 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Sherwin-Williams by 40,317.4% during the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after purchasing an additional 724,907 shares during the period. Jensen Investment Management Inc. bought a new position in Sherwin-Williams in the 2nd quarter worth about $169,770,000. Finally, 1832 Asset Management L.P. grew its holdings in Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after buying an additional 496,326 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction, the senior vice president now owns 6,329 shares in the company, 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 filing with the SEC, which is accessible through this link. Also, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. This represents a 18.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $388.30 on Friday. The company has a market capitalization of $97.79 billion, a price-to-earnings ratio of 38.68, a P/E/G ratio of 3.09 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $272.34 and a 1-year high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock’s fifty day simple moving average is $377.13 and its 200-day simple moving average is $344.18.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion for 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 company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $3.20 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.74%. Sherwin-Williams’s payout ratio is 28.49%.

Analysts Set New Price Targets

SHW has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Evercore ISI boosted their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective 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, Jefferies Financial Group increased their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, 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.