FDO Partners LLC Takes $424,000 Position in Sherwin-Williams Co (SHW)

FDO Partners LLC bought a new stake in Sherwin-Williams Co (NYSE:SHW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,184 shares of the specialty chemicals company’s stock, valued at approximately $424,000.

Other institutional investors have also recently bought and sold shares of the company. Tredje AP fonden grew its stake in Sherwin-Williams by 7.8% during the third quarter. Tredje AP fonden now owns 8,452 shares of the specialty chemicals company’s stock worth $3,026,000 after purchasing an additional 608 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in Sherwin-Williams by 102.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,671 shares of the specialty chemicals company’s stock valued at $598,000 after acquiring an additional 844 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in Sherwin-Williams by 7.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 16,421 shares of the specialty chemicals company’s stock valued at $5,879,000 after acquiring an additional 1,100 shares during the period. KBC Group NV grew its stake in Sherwin-Williams by 2.7% in the third quarter. KBC Group NV now owns 16,837 shares of the specialty chemicals company’s stock valued at $6,028,000 after acquiring an additional 437 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Sherwin-Williams by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 197,343 shares of the specialty chemicals company’s stock valued at $70,655,000 after acquiring an additional 4,122 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

In other news, insider Robert J. Davisson sold 8,800 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the completion of the transaction, the insider now directly owns 14,812 shares in the company, valued at approximately $5,777,716.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the completion of the transaction, the insider now owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by corporate insiders.

Sherwin-Williams Co (NYSE:SHW) traded up $11.86 during trading on Tuesday, reaching $406.93. The company had a trading volume of 894,100 shares, compared to its average volume of 632,390. Sherwin-Williams Co has a twelve month low of $263.06 and a twelve month high of $410.66. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a market capitalization of $36,944.54, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the business earned $4.23 EPS. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. equities research analysts predict that Sherwin-Williams Co will post 15.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams’s payout ratio is currently 29.90%.

SHW has been the topic of a number of recent research reports. Moffett Nathanson initiated coverage on Sherwin-Williams in a report on Monday. They issued a “buy” rating on the stock. Citigroup raised their target price on Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Robert W. Baird restated a “buy” rating and issued a $425.00 target price on shares of Sherwin-Williams in a report on Friday, November 10th. Wells Fargo & Company restated a “market perform” rating and issued a $400.00 target price (up previously from $360.00) on shares of Sherwin-Williams in a report on Wednesday, October 25th. Finally, UBS raised their target price on Sherwin-Williams from $375.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $402.32.

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Sherwin-Williams 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.

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

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