The Sherwin-Williams Company $SHW Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 68.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,091 shares of the specialty chemicals company’s stock after acquiring an additional 2,474 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Sherwin-Williams were worth $2,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. BlackRock Inc. acquired a new position in shares of Sherwin-Williams during the second quarter worth approximately $6,100,083,000. Wellington Management Group LLP grew its stake in shares of Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after purchasing an additional 1,593,009 shares during the last quarter. Amundi grew its stake in shares of Sherwin-Williams by 20.6% during the first quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock valued at $705,497,000 after purchasing an additional 376,505 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $547,097,000. Finally, Legal & General Group Plc acquired a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $459,652,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $344.26 on Friday. The company has a market cap of $83.17 billion, a PE ratio of 31.64, a PEG ratio of 2.87 and a beta of 1.05. 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 Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The company’s 50-day moving average is $329.67 and its two-hundred day moving average is $333.03.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing the consensus estimate of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.78 billion. During the same quarter in the prior year, the firm earned $3.59 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.41%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams 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 completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bryan Young sold 1,314 shares of Sherwin-Williams stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $345.71, for a total transaction of $454,262.94. Following the sale, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,472,656.95. This represents a 11.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 22,315 shares of company stock valued at $7,848,071. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SHW has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of Sherwin-Williams from $369.00 to $383.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. KeyCorp assumed coverage on Sherwin-Williams in a research report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Berenberg Bank increased their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Mizuho set a $396.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research note on Thursday, September 24th. Finally, BNP Paribas Exane boosted their target price on Sherwin-Williams from $345.00 to $360.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.29.

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.