US Bancorp DE Raises Holdings in Sherwin-Williams Co (SHW)

US Bancorp DE raised its stake in Sherwin-Williams Co (NYSE:SHW) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,516 shares of the specialty chemicals company’s stock after purchasing an additional 2,465 shares during the period. US Bancorp DE owned approximately 0.07% of Sherwin-Williams worth $30,734,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Peninsula Asset Management Inc. raised its stake in shares of Sherwin-Williams by 1.1% in the 2nd quarter. Peninsula Asset Management Inc. now owns 11,147 shares of the specialty chemicals company’s stock valued at $4,543,000 after buying an additional 117 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in shares of Sherwin-Williams by 14.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 980 shares of the specialty chemicals company’s stock valued at $399,000 after buying an additional 124 shares in the last quarter. Granite Investment Advisors LLC raised its stake in shares of Sherwin-Williams by 3.2% in the 2nd quarter. Granite Investment Advisors LLC now owns 3,980 shares of the specialty chemicals company’s stock valued at $1,622,000 after buying an additional 125 shares in the last quarter. 1ST Source Bank raised its stake in shares of Sherwin-Williams by 24.0% in the 2nd quarter. 1ST Source Bank now owns 657 shares of the specialty chemicals company’s stock valued at $267,000 after buying an additional 127 shares in the last quarter. Finally, Cypress Capital Group raised its stake in shares of Sherwin-Williams by 2.8% in the 2nd quarter. Cypress Capital Group now owns 4,651 shares of the specialty chemicals company’s stock valued at $1,896,000 after buying an additional 128 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

In other Sherwin-Williams news, SVP Thomas P. Gilligan sold 5,080 shares of the stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $458.04, for a total transaction of $2,326,843.20. Following the sale, the senior vice president now owns 7,043 shares of the company’s stock, valued at approximately $3,225,975.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David F. Hodnik sold 524 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $447.19, for a total transaction of $234,327.56. Following the sale, the director now directly owns 10,105 shares in the company, valued at approximately $4,518,854.95. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

Shares of Sherwin-Williams stock opened at $402.38 on Monday. The stock has a market cap of $37.67 billion, a P/E ratio of 28.20, a PEG ratio of 1.64 and a beta of 1.34. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 2.19. Sherwin-Williams Co has a 12-month low of $355.28 and a 12-month high of $479.64.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.71 by ($0.03). The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.78 billion. Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. As a group, equities research analysts forecast that Sherwin-Williams Co will post 19.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 24.11%.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group dropped their price objective on shares of Sherwin-Williams from $500.00 to $467.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Bank of America increased their price objective on shares of Sherwin-Williams from $470.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Buckingham Research dropped their price objective on shares of Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. Barclays dropped their price objective on shares of Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Friday, October 26th. Finally, Seaport Global Securities restated a “buy” rating and issued a $475.00 price objective on shares of Sherwin-Williams in a research note on Friday, July 27th. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $467.40.

About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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

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