19,088 The Sherwin-Williams Company $SHW Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,781 shares of the specialty chemicals company's stock after purchasing an additional 19,088 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of Sherwin-Williams worth $41,631,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $6,100,083,000. Wellington Management Group LLP grew its holdings 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 buying an additional 1,593,009 shares during the last quarter. Amundi increased its position 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 acquiring an additional 376,505 shares in 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 bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $459,652,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Bryan Young sold 1,314 shares of the firm's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $345.71, for a total value of $454,262.94. Following the transaction, the senior vice president directly owned 10,045 shares in the company, valued at $3,472,656.95. This trade represents a 11.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP James R. Jaye sold 2,301 shares of Sherwin-Williams stock in a transaction on Tuesday, November 3rd. The stock was 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 directly owned 6,936 shares of the company's stock, valued at $2,396,804.16. The trade was a 24.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 22,315 shares of company stock worth $7,848,071. Insiders own 0.23% of the company's stock.

Sherwin-Williams Stock Down 1.4%

SHW opened at $344.26 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00. The firm has a 50 day moving average price of $329.67 and a 200-day moving average price of $333.03. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The stock has a market capitalization of $83.17 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.87 and a beta of 1.05.

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

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup decreased their price objective on shares of Sherwin-Williams from $400.00 to $370.00 and set a "buy" rating for the company in a report on Thursday, October 29th. BMO Capital Markets reiterated an "outperform" rating on shares of Sherwin-Williams in a research note on Monday, September 28th. The Goldman Sachs Group reissued a "buy" rating and issued a $415.00 target price (up from $390.00) on shares of Sherwin-Williams in a report on Friday, October 9th. DA Davidson set a $390.00 target price on Sherwin-Williams and gave the stock a "buy" rating in a report on Wednesday, October 28th. Finally, Melius Research started coverage on Sherwin-Williams in a research note on Tuesday, October 6th. They issued a "hold" rating and a $367.00 price target for the company. Fifteen equities research 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 company has an average rating of "Moderate Buy" and an average target price of $377.29.

Sherwin-Williams 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.

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