The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Fmr LLC

Fmr LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 18.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,482,662 shares of the specialty chemicals company’s stock after acquiring an additional 999,164 shares during the quarter. Fmr LLC’s holdings in Sherwin-Williams were worth $2,474,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SHW. Caxton Associates LP acquired a new position in Sherwin-Williams in the 1st quarter worth approximately $803,000. Tidal Investments LLC increased its stake in shares of Sherwin-Williams by 17.5% in the first quarter. Tidal Investments LLC now owns 18,255 shares of the specialty chemicals company’s stock worth $6,340,000 after acquiring an additional 2,717 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Sherwin-Williams in the first quarter worth approximately $417,000. Plato Investment Management Ltd raised its holdings in Sherwin-Williams by 760.6% during the first quarter. Plato Investment Management Ltd now owns 12,478 shares of the specialty chemicals company’s stock valued at $4,334,000 after buying an additional 11,028 shares in the last quarter. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Sherwin-Williams in the first quarter worth about $289,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on SHW. Wells Fargo & Company boosted their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Citigroup decreased their target price 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. Robert W. Baird lifted their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Evercore ISI upped their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Price Performance

Shares of SHW opened at $399.25 on Tuesday. The stock has a 50 day simple moving average of $377.54 and a 200 day simple moving average of $345.10. The Sherwin-Williams Company has a 52-week low of $272.34 and a 52-week high of $400.31. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a market capitalization of $100.55 billion, a PE ratio of 39.77, a P/E/G ratio of 3.13 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued 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 company had revenue of $6.16 billion for 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%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $3.20 earnings per share. Sell-side analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is 28.49%.

Insiders Place Their Bets

In other Sherwin-Williams 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 value of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams 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.