Calamos Advisors LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 64.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 250,645 shares of the specialty chemicals company’s stock after acquiring an additional 98,287 shares during the quarter. Calamos Advisors LLC owned 0.10% of Sherwin-Williams worth $81,026,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Alta Advisers Ltd lifted its stake in Sherwin-Williams by 84.7% during the 3rd quarter. Alta Advisers Ltd now owns 1,673 shares of the specialty chemicals company’s stock worth $541,000 after acquiring an additional 767 shares in the last quarter. Kestra Advisory Services LLC grew its position in Sherwin-Williams by 8.2% in 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 acquiring an additional 4,449 shares in the last quarter. Claro Advisors Inc. acquired a new position in Sherwin-Williams in the 3rd quarter valued at about $221,000. Platform Technology Partners increased its stake in Sherwin-Williams by 3.0% during the third quarter. Platform Technology Partners now owns 1,259 shares of the specialty chemicals company’s stock worth $407,000 after purchasing an additional 37 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Sherwin-Williams by 17.4% during the third quarter. Commonwealth Equity Services LLC now owns 128,781 shares of the specialty chemicals company’s stock worth $41,631,000 after purchasing an additional 19,088 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Analyst Ratings Changes
SHW has been the subject of several recent research reports. Wells Fargo & Company set a $340.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Friday, September 25th. Rothschild & Co Redburn upped their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Berenberg Bank increased their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Bank of America raised their price target on shares of Sherwin-Williams from $369.00 to $383.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Finally, Melius Research began coverage on shares of Sherwin-Williams in a research note on Tuesday, October 6th. They issued a “hold” rating and a $367.00 price target for the company. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $377.29.
Read Our Latest Stock Analysis on Sherwin-Williams
Sherwin-Williams Stock Down 1.4%
NYSE:SHW traded down $4.75 during mid-day trading on Friday, hitting $344.26. The stock had a trading volume of 2,094,866 shares, compared to its average volume of 1,790,029. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The stock has a 50-day simple moving average of $329.67 and a two-hundred day simple moving average of $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 capitalization of $83.17 billion, a PE ratio of 31.64, a PEG ratio of 2.93 and a beta of 1.05.
Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.69 by ($0.06). The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.59 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12.02 EPS for the current year.
Sherwin-Williams Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued 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 related news, SVP Bryan Young sold 1,314 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $345.71, for a total value of $454,262.94. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,472,656.95. The trade was a 11.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mary Garceau sold 3,891 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $350.42, for a total value of $1,363,484.22. Following the sale, the senior vice president directly owned 31,466 shares of the company’s stock, valued at approximately $11,026,315.72. This represents a 11.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,315 shares of company stock valued at $7,848,071. Insiders own 0.23% of the company’s stock.
Sherwin-Williams Company 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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