Investors Buy High Volume of Sherwin-Williams Company (The) Call Options (SHW)

Sherwin-Williams Company (The) (NYSE:SHW) saw some unusual options trading activity on Thursday. Stock traders bought 1,636 call options on the company. This represents an increase of approximately Infinity compared to the typical volume of 0 call options.

Shares of Sherwin-Williams Company (SHW) opened at $387.69 on Tuesday. Sherwin-Williams Company has a one year low of $260.05 and a one year high of $398.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. The firm has a market cap of $36,190.00, a P/E ratio of 27.88, a PEG ratio of 2.16 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. The business’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.23 EPS. sell-side analysts forecast that Sherwin-Williams Company will post 15.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.88%. Sherwin-Williams Company (The)’s payout ratio is currently 28.81%.

Several large investors have recently bought and sold shares of SHW. Bank of Montreal Can boosted its position in shares of Sherwin-Williams Company (The) by 23.3% during the 2nd quarter. Bank of Montreal Can now owns 41,694 shares of the specialty chemicals company’s stock worth $14,634,000 after purchasing an additional 7,886 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Sherwin-Williams Company (The) by 252.7% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,760 shares of the specialty chemicals company’s stock worth $618,000 after purchasing an additional 1,261 shares during the period. Webster Bank N. A. boosted its position in shares of Sherwin-Williams Company (The) by 9.8% during the 2nd quarter. Webster Bank N. A. now owns 3,120 shares of the specialty chemicals company’s stock worth $1,095,000 after purchasing an additional 278 shares during the period. Trust Co. of Vermont boosted its position in shares of Sherwin-Williams Company (The) by 2.0% during the 2nd quarter. Trust Co. of Vermont now owns 882 shares of the specialty chemicals company’s stock worth $310,000 after purchasing an additional 17 shares during the period. Finally, National Pension Service boosted its position in shares of Sherwin-Williams Company (The) by 10.2% during the 2nd quarter. National Pension Service now owns 72,201 shares of the specialty chemicals company’s stock worth $25,461,000 after purchasing an additional 6,711 shares during the period. 73.56% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the stock. Robert W. Baird reiterated a “buy” rating and issued a $425.00 price objective on shares of Sherwin-Williams Company (The) in a report on Friday, November 10th. Citigroup Inc. increased their price objective on shares of Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. UBS AG increased their price objective on shares of Sherwin-Williams Company (The) from $375.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Wells Fargo & Company reiterated a “market perform” rating and issued a $400.00 price objective (up previously from $360.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, October 25th. Finally, Zelman & Associates upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Sherwin-Williams Company (The) currently has an average rating of “Hold” and an average target price of $398.25.

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Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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