Whittier Trust Co. raised its stake in Sherwin-Williams Co (NYSE:SHW) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 40,427 shares of the specialty chemicals company’s stock after buying an additional 483 shares during the quarter. Whittier Trust Co.’s holdings in Sherwin-Williams were worth $22,229,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Sherwin-Williams by 4.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 12,838 shares of the specialty chemicals company’s stock valued at $7,059,000 after acquiring an additional 581 shares in the last quarter. Tuttle Tactical Management bought a new position in shares of Sherwin-Williams in the third quarter valued at approximately $831,000. Alpha Cubed Investments LLC grew its holdings in shares of Sherwin-Williams by 1.1% in the third quarter. Alpha Cubed Investments LLC now owns 7,850 shares of the specialty chemicals company’s stock valued at $4,316,000 after acquiring an additional 86 shares in the last quarter. Brookstone Capital Management grew its holdings in shares of Sherwin-Williams by 95.1% in the third quarter. Brookstone Capital Management now owns 2,328 shares of the specialty chemicals company’s stock valued at $1,280,000 after acquiring an additional 1,135 shares in the last quarter. Finally, Northstar Asset Management LLC grew its holdings in shares of Sherwin-Williams by 0.9% in the third quarter. Northstar Asset Management LLC now owns 5,558 shares of the specialty chemicals company’s stock valued at $3,056,000 after acquiring an additional 50 shares in the last quarter. 76.70% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Jane M. Cronin sold 1,627 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $515.00, for a total value of $837,905.00. Following the completion of the transaction, the senior vice president now directly owns 3,598 shares of the company’s stock, valued at $1,852,970. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David F. Hodnik sold 501 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $521.57, for a total value of $261,306.57. Following the completion of the transaction, the director now directly owns 9,569 shares of the company’s stock, valued at $4,990,903.33. The disclosure for this sale can be found here. Insiders sold 12,121 shares of company stock valued at $6,134,153 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

NYSE SHW traded up $0.32 on Friday, hitting $560.86. 408,258 shares of the stock traded hands, compared to its average volume of 444,504. The business’s fifty day moving average is $542.34 and its two-hundred day moving average is $485.83. Sherwin-Williams Co has a 12 month low of $355.28 and a 12 month high of $567.00. The firm has a market capitalization of $51.71 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.50 and a current ratio of 0.80.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share for the quarter, beating the consensus estimate of $6.35 by $0.22. Sherwin-Williams had a return on equity of 48.92% and a net margin of 6.61%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the prior year, the company earned $5.73 earnings per share. Sherwin-Williams’s revenue was up 2.2% compared to the same quarter last year. Analysts expect that Sherwin-Williams Co will post 21.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 14th. Sherwin-Williams’s payout ratio is currently 24.39%.

Several equities analysts have recently issued reports on SHW shares. BMO Capital Markets upped their target price on Sherwin-Williams from $517.00 to $550.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $435.00 to $490.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Citigroup upped their target price on Sherwin-Williams from $525.00 to $631.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. UBS Group upped their target price on Sherwin-Williams from $475.00 to $555.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their target price on Sherwin-Williams to $550.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $543.85.

About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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

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