Wexford Capital LP trimmed its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 56.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,924 shares of the specialty chemicals company’s stock after selling 14,372 shares during the period. Wexford Capital LP’s holdings in Sherwin-Williams were worth $4,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of SHW. LFA Lugano Financial Advisors SA purchased a new stake in shares of Sherwin-Williams during the third quarter valued at about $112,000. Rational Advisors LLC lifted its position in shares of Sherwin-Williams by 1,180.0% during the third quarter. Rational Advisors LLC now owns 256 shares of the specialty chemicals company’s stock valued at $117,000 after buying an additional 236 shares during the last quarter. Fort L.P. purchased a new stake in shares of Sherwin-Williams during the second quarter valued at about $124,000. CWM LLC lifted its position in shares of Sherwin-Williams by 115.4% during the third quarter. CWM LLC now owns 280 shares of the specialty chemicals company’s stock valued at $127,000 after buying an additional 150 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Sherwin-Williams during the third quarter valued at about $130,000. Institutional investors own 76.27% of the company’s stock.
In other Sherwin-Williams news, Director John M. Stropki purchased 675 shares of Sherwin-Williams stock in a transaction on Monday, October 29th. The stock was bought at an average cost of $375.00 per share, with a total value of $253,125.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.78% of the company’s stock.
SHW traded up $2.46 during trading on Friday, reaching $403.49. 5,450 shares of the company’s stock were exchanged, compared to its average volume of 739,779. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $479.64. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $38.07 billion, a PE ratio of 28.21, a P/E/G ratio of 1.66 and a beta of 1.38.
Sherwin-Williams (NYSE:SHW) last posted its quarterly 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). Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.78 billion. As a group, analysts predict that Sherwin-Williams Co will post 19.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders 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 yield of 0.85%. The ex-dividend date of this dividend is Thursday, November 15th. Sherwin-Williams’s dividend payout ratio is presently 24.11%.
Several research firms have commented on SHW. Deutsche Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the company from $400.00 to $465.00 in a research report on Tuesday. Longbow Research initiated coverage on shares of Sherwin-Williams in a research report on Friday, November 30th. They issued a “neutral” rating for the company. Argus set a $480.00 price objective on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Monday, October 29th. Buckingham Research decreased 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 report on Friday, October 26th. Finally, Credit Suisse Group decreased 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 report on Friday, October 26th. Ten equities research 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 presently has an average rating of “Buy” and an average target price of $469.65.
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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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