Nikulski Financial Inc. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,628 shares of the specialty chemicals company’s stock after purchasing an additional 35 shares during the quarter. Nikulski Financial Inc.’s holdings in Sherwin-Williams were worth $1,385,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. PineStone Asset Management Inc. boosted its stake in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after buying an additional 917,979 shares during the period. Assenagon Asset Management S.A. grew its stake in Sherwin-Williams by 610.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after buying an additional 898,143 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Sherwin-Williams by 40,317.4% during the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after buying an additional 724,907 shares in the last quarter. Jensen Investment Management Inc. purchased a new position in Sherwin-Williams in the second quarter worth $169,770,000. Finally, 1832 Asset Management L.P. lifted its stake in Sherwin-Williams by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after purchasing an additional 496,326 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.
Insiders Place Their Bets
In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on Sherwin-Williams
Sherwin-Williams Stock Performance
SHW stock traded down $0.89 during trading on Thursday, reaching $361.00. The stock had a trading volume of 55,337 shares, compared to its average volume of 1,529,775. The stock’s 50 day moving average is $372.35 and its two-hundred day moving average is $335.91. The firm has a market cap of $91.53 billion, a PE ratio of 38.59, a PEG ratio of 2.89 and a beta of 1.17. The Sherwin-Williams Company has a 52 week low of $235.84 and a 52 week high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the business earned $3.20 EPS. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.
Sherwin-Williams Profile
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.
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