The Sherwin-Williams Company $SHW Stock Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 17.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,781 shares of the specialty chemicals company’s stock after acquiring an additional 19,088 shares during the period. Commonwealth Equity Services LLC’s holdings in Sherwin-Williams were worth $41,631,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SHW. BlackRock Inc. purchased a new position in shares of Sherwin-Williams during the 2nd quarter worth $6,100,083,000. Wellington Management Group LLP grew its position in shares of Sherwin-Williams by 133.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after acquiring an additional 1,593,009 shares during the period. Amundi increased its stake in shares of Sherwin-Williams by 20.6% in the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock worth $705,497,000 after purchasing an additional 376,505 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth $547,097,000. Finally, Dimensional Fund Advisors LP raised its holdings in Sherwin-Williams by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,417,166 shares of the specialty chemicals company’s stock worth $454,226,000 after purchasing an additional 39,853 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SHW has been the topic of several analyst reports. Berenberg Bank lifted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. 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 objective on the stock. Citigroup lowered their price objective on Sherwin-Williams from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Finally, Rothschild & Co Redburn boosted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $377.29.

Sherwin-Williams Stock Down 1.4%

Shares of SHW stock opened at $344.26 on Friday. The company 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. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The company’s fifty day moving average price is $329.67 and its 200-day moving average price is $333.03. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.71 and a quick ratio of 0.45.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS 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 business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same period in the prior year, the business earned $3.59 earnings per share. Sherwin-Williams’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that The Sherwin-Williams Company will post 12.02 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. 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 value of $1,363,484.22. Following the completion of the transaction, the senior vice president owned 31,466 shares in the company, valued at approximately $11,026,315.72. This trade represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Bryan J. Young sold 1,314 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 10,045 shares in the company, valued at $3,472,656.95. The trade was a 11.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 22,315 shares of company stock worth $7,848,071. 0.23% of the stock is currently owned by corporate insiders.

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.

Sherwin-Williams serves customers in North America and markets around the world.