Machina Capital S.A.S. Makes New $3.87 Million Investment in The Sherwin-Williams Company $SHW

Machina Capital S.A.S. acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,970 shares of the specialty chemicals company’s stock, valued at approximately $3,870,000.

Several other institutional investors also recently bought and sold shares of SHW. GK Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the 3rd quarter valued at $25,000. Wilkerson Advisory Group LLC raised its position in shares of Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Montgomery Financial Services LLC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth $29,000. Tacita Capital Inc purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth $30,000. Finally, Eastern Bank boosted its position in Sherwin-Williams by 50.8% during the second quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 30 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of SHW opened at $355.23 on Thursday. The firm has a market capitalization of $85.82 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.71 and a quick ratio of 0.45. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $377.77. The company’s fifty day moving average price is $330.77 and its 200-day moving average price is $333.10.

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

Sherwin-Williams Announces Dividend

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

Insider Activity

In related news, SVP Mary Garceau sold 3,891 shares of Sherwin-Williams stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $350.42, for a total transaction of $1,363,484.22. Following the completion of the sale, the senior vice president owned 31,466 shares of the company’s stock, valued at $11,026,315.72. The trade was a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP James R. Jaye sold 2,301 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $345.56, for a total value of $795,133.56. Following the completion of the sale, the senior vice president owned 6,936 shares in the company, valued at approximately $2,396,804.16. This represents a 24.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 22,315 shares of company stock valued at $7,848,071. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SHW shares. Argus lifted their price objective on shares of Sherwin-Williams from $355.00 to $380.00 in a research report on Thursday, August 27th. Wells Fargo & Company set a $340.00 target price on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research report on Friday, September 25th. Barclays set a $329.00 target price on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research report on Wednesday, October 28th. Royal Bank Of Canada lowered their target price on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. Finally, Bank of America lifted their price target on shares of Sherwin-Williams from $369.00 to $383.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.

About Sherwin-Williams

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.