Taylor Hoffman Wealth Management lifted its holdings in Sherwin-Williams Co (NYSE:SHW) by 145.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 287 shares of the specialty chemicals company’s stock after buying an additional 170 shares during the period. Taylor Hoffman Wealth Management’s holdings in Sherwin-Williams were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of SHW. Nuveen Asset Management LLC lifted its stake in shares of Sherwin-Williams by 10,335.5% in the second quarter. Nuveen Asset Management LLC now owns 910,704 shares of the specialty chemicals company’s stock worth $417,367,000 after buying an additional 901,977 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Sherwin-Williams by 1.7% in the second quarter. BlackRock Inc. now owns 5,530,261 shares of the specialty chemicals company’s stock worth $2,534,464,000 after buying an additional 90,828 shares in the last quarter. Farallon Capital Management LLC lifted its stake in shares of Sherwin-Williams by 21.2% in the second quarter. Farallon Capital Management LLC now owns 465,699 shares of the specialty chemicals company’s stock worth $213,425,000 after buying an additional 81,536 shares in the last quarter. Cibc World Markets Corp lifted its stake in shares of Sherwin-Williams by 245.2% in the second quarter. Cibc World Markets Corp now owns 101,766 shares of the specialty chemicals company’s stock worth $46,638,000 after buying an additional 72,284 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Sherwin-Williams by 107.9% in the second quarter. AQR Capital Management LLC now owns 133,572 shares of the specialty chemicals company’s stock worth $60,583,000 after buying an additional 69,322 shares in the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.
In other Sherwin-Williams news, SVP Thomas P. Gilligan sold 4,250 shares of Sherwin-Williams stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $570.10, for a total transaction of $2,422,925.00. Following the completion of the sale, the senior vice president now directly owns 8,189 shares in the company, valued at $4,668,548.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on SHW shares. Zacks Investment Research raised shares of Sherwin-Williams from a “sell” rating to a “hold” rating and set a $589.00 price target on the stock in a research note on Monday, October 21st. BMO Capital Markets raised their price target on shares of Sherwin-Williams to $575.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. Northcoast Research restated a “neutral” rating on shares of Sherwin-Williams in a research report on Monday, July 29th. Jefferies Financial Group raised their price objective on shares of Sherwin-Williams from $430.00 to $546.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, KeyCorp raised their price objective on shares of Sherwin-Williams from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $579.59.
Sherwin-Williams stock traded up $11.89 during midday trading on Friday, hitting $581.35. 368,711 shares of the stock were exchanged, compared to its average volume of 570,112. Sherwin-Williams Co has a fifty-two week low of $365.20 and a fifty-two week high of $589.00. The stock has a market capitalization of $52.57 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.24 and a beta of 1.27. The stock’s 50-day simple moving average is $559.37 and its 200 day simple moving average is $499.32. The company has a current ratio of 1.01, a quick ratio of 0.63 and a debt-to-equity ratio of 2.34.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $6.65 earnings per share for the quarter, beating analysts’ consensus estimates of $6.46 by $0.19. Sherwin-Williams had a net margin of 7.81% and a return on equity of 50.96%. The business had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same period last year, the business earned $5.68 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts anticipate that Sherwin-Williams Co will post 21.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 14th. Sherwin-Williams’s dividend payout ratio is presently 24.39%.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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