Commerzbank Aktiengesellschaft FI lifted its position in shares of Sherwin-Williams Co (NYSE:SHW) by 18.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,227 shares of the specialty chemicals company’s stock after purchasing an additional 651 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Sherwin-Williams were worth $2,324,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SHW. Freestone Capital Holdings LLC bought a new stake in Sherwin-Williams during the second quarter worth $315,000. Boston Family Office LLC grew its holdings in Sherwin-Williams by 0.4% during the second quarter. Boston Family Office LLC now owns 9,051 shares of the specialty chemicals company’s stock worth $4,148,000 after buying an additional 36 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in Sherwin-Williams by 9.5% during the second quarter. First Citizens Bank & Trust Co. now owns 2,888 shares of the specialty chemicals company’s stock worth $1,324,000 after buying an additional 251 shares in the last quarter. Condor Capital Management grew its holdings in Sherwin-Williams by 1.5% during the second quarter. Condor Capital Management now owns 3,272 shares of the specialty chemicals company’s stock worth $1,500,000 after buying an additional 47 shares in the last quarter. Finally, Waddell & Reed Financial Inc. grew its holdings in Sherwin-Williams by 9.0% during the second quarter. Waddell & Reed Financial Inc. now owns 285,267 shares of the specialty chemicals company’s stock worth $130,735,000 after buying an additional 23,655 shares in the last quarter. 76.70% of the stock is currently owned by institutional investors.

Shares of NYSE:SHW opened at $560.86 on Monday. The company has a market capitalization of $51.71 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.80 and a quick ratio of 0.50. The business has a fifty day moving average price of $542.34 and a two-hundred day moving average price of $485.83. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $567.00.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Thursday, November 14th. This represents a $4.52 dividend on an annualized basis and a yield of 0.81%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.39%.

SHW has been the subject of several recent research reports. Deutsche Bank upped their price target on Sherwin-Williams from $490.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Credit Suisse Group upped their price target on Sherwin-Williams from $487.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Zacks Investment Research upgraded Sherwin-Williams from a “sell” rating to a “hold” rating and set a $526.00 price target for the company in a report on Thursday, July 25th. Citigroup upped their price target on Sherwin-Williams from $525.00 to $631.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Co upped their price target on Sherwin-Williams from $510.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $543.85.

In other news, insider Peter J. Ippolito sold 5,284 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $513.05, for a total transaction of $2,710,956.20. Following the completion of the transaction, the insider now owns 4,284 shares in the company, valued at approximately $2,197,906.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David F. Hodnik sold 501 shares of the 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 transaction, the director now owns 9,569 shares of the company’s stock, valued at approximately $4,990,903.33. The disclosure for this sale can be found here. Insiders sold a total of 12,121 shares of company stock valued at $6,134,153 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Sherwin-Williams Profile

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.

Featured Story: Why Invest in Dividend Achievers?

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).

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

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.