The Sherwin-Williams Company $SHW Holdings Increased by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super increased its Sherwin-Williams stake by 22.3% in the third quarter, adding 14,003 shares to reach 76,666 shares valued at $24.8 million.
• Sherwin-Williams reported quarterly revenue of $6.86 billion, up 7.9% year over year and above estimates, but EPS of $3.63 fell short of the $3.69 consensus.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $377.29; the company also declared a quarterly dividend of $0.80 per share.

Aware Super Pty Ltd as trustee of Aware Super lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 22.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,666 shares of the specialty chemicals company's stock after purchasing an additional 14,003 shares during the period. Aware Super Pty Ltd as trustee of Aware Super's holdings in Sherwin-Williams were worth $24,784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Summit Wealth Group LLC Co. raised its holdings in shares of Sherwin-Williams by 148.9% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 2,347 shares of the specialty chemicals company's stock valued at $759,000 after purchasing an additional 1,404 shares in the last quarter. Welch Group LLC increased its holdings in Sherwin-Williams by 6.6% in the third quarter. Welch Group LLC now owns 33,043 shares of the specialty chemicals company's stock valued at $10,682,000 after buying an additional 2,052 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sherwin-Williams in the third quarter valued at $32,371,000. Northern Financial Advisors Inc raised its stake in Sherwin-Williams by 2.7% in the third quarter. Northern Financial Advisors Inc now owns 2,283 shares of the specialty chemicals company's stock valued at $738,000 after buying an additional 60 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Sherwin-Williams by 4.5% in the third quarter. ProShare Advisors LLC now owns 643,914 shares of the specialty chemicals company's stock valued at $208,158,000 after buying an additional 27,650 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 3.3%

NYSE:SHW opened at $340.66 on Wednesday. The stock's 50 day moving average price is $329.40 and its 200 day moving average price is $333.05. The company has a market capitalization of $82.30 billion, a PE ratio of 29.59, a P/E/G ratio of 2.93 and a beta of 1.05. 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 Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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). The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $3.59 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a dividend of $0.80 per share. The ex-dividend date 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 is currently 29.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SHW shares. Morgan Stanley reaffirmed an "overweight" rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Barclays set a $329.00 target price on Sherwin-Williams and gave the stock an "equal weight" rating in a research report on Wednesday, October 28th. Citigroup decreased their target price on Sherwin-Williams from $400.00 to $370.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. Weiss Ratings downgraded Sherwin-Williams from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday, October 28th. Finally, Bank of America increased their price target on shares of Sherwin-Williams from $369.00 to $383.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $377.29.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Karl Jorgenrud sold 7,886 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the transaction, the insider directly owned 11,944 shares of the company's stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.

Sherwin-Williams Profile

The Sherwin-Williams Company NYSE: SHW develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.

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