Cedar Hill Associates LLC acquired a new position in Sherwin-Williams Co (NYSE:SHW) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 583 shares of the specialty chemicals company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently made changes to their positions in SHW. Janus Henderson Group PLC lifted its position in shares of Sherwin-Williams by 10,157.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock worth $366,368,000 after acquiring an additional 1,033,725 shares during the period. FMR LLC lifted its position in shares of Sherwin-Williams by 18.1% in the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after acquiring an additional 621,190 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Sherwin-Williams by 222.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock worth $171,109,000 after acquiring an additional 336,540 shares during the period. Vanguard Group Inc. lifted its position in shares of Sherwin-Williams by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock worth $2,313,506,000 after acquiring an additional 315,903 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Sherwin-Williams by 30.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock worth $378,558,000 after acquiring an additional 247,553 shares during the period. Institutional investors own 75.98% of the company’s stock.

Shares of Sherwin-Williams Co (NYSE:SHW) traded down $1.09 on Tuesday, reaching $407.76. The company’s stock had a trading volume of 312,800 shares, compared to its average volume of 628,339. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. Sherwin-Williams Co has a 52-week low of $265.14 and a 52-week high of $413.98. The company has a market cap of $38,233.16, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 2.28 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the company posted $4.23 EPS. The business’s revenue for the quarter was up 37.4% compared to the same quarter last year. sell-side analysts forecast that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a $0.85 dividend. The ex-dividend date was Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.83%. Sherwin-Williams’s payout ratio is 29.90%.

In other Sherwin-Williams news, insider Robert J. Davisson sold 8,800 shares of Sherwin-Williams stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the completion of the transaction, the insider now owns 14,812 shares in the company, valued at approximately $5,777,716.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joel D. Baxter sold 2,376 shares of Sherwin-Williams stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the completion of the transaction, the insider now owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,122 shares of company stock valued at $5,969,846. Corporate insiders own 1.69% of the company’s stock.

A number of analysts have commented on SHW shares. BidaskClub upgraded Sherwin-Williams from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Robert W. Baird restated a “buy” rating and set a $375.00 target price on shares of Sherwin-Williams in a research report on Friday, September 1st. KeyCorp restated a “buy” rating and set a $415.00 target price on shares of Sherwin-Williams in a research report on Sunday, September 3rd. Royal Bank of Canada restated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, September 20th. Finally, Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $402.32.

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About Sherwin-Williams

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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