Fort Washington Investment Advisors Inc. OH lifted its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,300 shares of the specialty chemicals company’s stock after buying an additional 3,719 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.07% of Sherwin-Williams worth $53,437,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SHW. Mather Group LLC. raised its position in shares of Sherwin-Williams by 3.9% in the 3rd quarter. Mather Group LLC. now owns 1,984 shares of the specialty chemicals company’s stock worth $641,000 after purchasing an additional 74 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in Sherwin-Williams by 4.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 8,736 shares of the specialty chemicals company’s stock worth $2,824,000 after purchasing an additional 377 shares during the period. First Citizens Bank & Trust Co. lifted its position in Sherwin-Williams by 421.7% during the third quarter. First Citizens Bank & Trust Co. now owns 4,309 shares of the specialty chemicals company’s stock valued at $1,393,000 after purchasing an additional 3,483 shares in the last quarter. Focus Financial Network Inc. lifted its position in Sherwin-Williams by 1.0% during the third quarter. Focus Financial Network Inc. now owns 3,068 shares of the specialty chemicals company’s stock valued at $992,000 after purchasing an additional 31 shares in the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. grew its holdings in Sherwin-Williams by 11.4% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 889 shares of the specialty chemicals company’s stock valued at $288,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Up 0.0%
SHW opened at $324.21 on Thursday. The company has a market capitalization of $78.71 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. The firm has a 50-day simple moving average of $334.68 and a two-hundred day simple moving average of $328.14. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77.
Sherwin-Williams Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on SHW. BNP Paribas Exane raised their price objective on shares of Sherwin-Williams from $345.00 to $360.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Barclays set a $348.00 price target on Sherwin-Williams and gave the company an “equal weight” rating in a report on Monday. Weiss Ratings upgraded Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Wells Fargo & Company set a $340.00 price objective on Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Friday, September 25th. Finally, Rothschild & Co Redburn lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $382.08.
Get Our Latest Research Report on SHW
Insider Buying and Selling
In related news, insider Justin Binns sold 13,500 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the transaction, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.
Sherwin-Williams Company Profile
The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.
Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.
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