Waycross Partners LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,895 shares of the specialty chemicals company’s stock after purchasing an additional 6,895 shares during the quarter. Sherwin-Williams makes up approximately 2.6% of Waycross Partners LLC’s portfolio, making the stock its 17th biggest position. Waycross Partners LLC’s holdings in Sherwin-Williams were worth $33,263,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. raised its stake in shares of Sherwin-Williams by 3.0% during the third quarter. Alps Advisors Inc. now owns 14,001 shares of the specialty chemicals company’s stock valued at $4,526,000 after acquiring an additional 413 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Sherwin-Williams by 13.4% during the third quarter. International Assets Investment Management LLC now owns 2,004 shares of the specialty chemicals company’s stock worth $643,000 after purchasing an additional 237 shares during the period. Calamos Advisors LLC grew its stake in shares of Sherwin-Williams by 64.5% in the third quarter. Calamos Advisors LLC now owns 250,645 shares of the specialty chemicals company’s stock worth $81,026,000 after purchasing an additional 98,287 shares during the last quarter. Alta Advisers Ltd grew its stake in shares of Sherwin-Williams by 84.7% in the third quarter. Alta Advisers Ltd now owns 1,673 shares of the specialty chemicals company’s stock worth $541,000 after purchasing an additional 767 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in Sherwin-Williams by 8.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 58,746 shares of the specialty chemicals company’s stock valued at $18,991,000 after purchasing an additional 4,449 shares during the period. Institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Down 1.4%
Sherwin-Williams stock traded down $4.75 during trading hours on Friday, hitting $344.26. 2,094,866 shares of the stock traded hands, compared to its average volume of 1,790,029. The firm’s 50-day moving average price is $329.67 and its two-hundred day moving average price is $333.03. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 2.00. The company has a market cap of $83.17 billion, a PE ratio of 31.64, a PEG ratio of 2.93 and a beta of 1.05. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77.
Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing the consensus estimate of $3.69 by ($0.06). The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.78 billion. Sherwin-Williams had a net margin of 10.74% and a return on equity of 69.51%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.59 earnings per share. On average, research analysts forecast that The Sherwin-Williams Company will post 12.02 EPS for the current year.
Sherwin-Williams Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.41%.
Insider Activity
In other news, CAO James P. Lang sold 1,309 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $361.91, for a total transaction of $473,740.19. Following the completion of the transaction, the chief accounting officer directly owned 861 shares in the company, valued at approximately $311,604.51. This trade represents a 60.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James R. Jaye sold 2,301 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $345.56, for a total value of $795,133.56. Following the completion of the sale, the senior vice president directly owned 6,936 shares in the company, valued at approximately $2,396,804.16. This represents a 24.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 22,315 shares of company stock valued at $7,848,071. 0.23% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Argus increased their price objective on Sherwin-Williams from $355.00 to $380.00 in a report on Thursday, August 27th. Stephens reduced their target price on Sherwin-Williams from $375.00 to $353.00 and set a “hold” rating on the stock in a research note on Tuesday, September 22nd. DA Davidson set a $390.00 target price on Sherwin-Williams and gave the company a “buy” rating in a report on Wednesday, October 28th. BMO Capital Markets restated an “outperform” rating on shares of Sherwin-Williams in a report on Monday, September 28th. Finally, KeyCorp initiated coverage on Sherwin-Williams in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $377.29.
Read Our Latest Analysis on Sherwin-Williams
Sherwin-Williams Profile
The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels.
Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.
Sherwin-Williams serves customers in North America and markets around the world.
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