The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,239 shares of the specialty chemicals company’s stock after purchasing an additional 278 shares during the quarter. Empowered Funds LLC’s holdings in Sherwin-Williams were worth $2,000,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SHW. Shell Asset Management Co. acquired a new position in shares of Sherwin-Williams during the 1st quarter worth about $396,000. EP Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 3,730 shares of the specialty chemicals company’s stock valued at $1,296,000 after buying an additional 52 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Sherwin-Williams by 8.4% in the first quarter. Advisors Asset Management Inc. now owns 18,707 shares of the specialty chemicals company’s stock worth $6,498,000 after buying an additional 1,447 shares in the last quarter. Capital Group Private Client Services Inc. boosted its position in Sherwin-Williams by 23.1% during the first quarter. Capital Group Private Client Services Inc. now owns 58,288 shares of the specialty chemicals company’s stock worth $20,245,000 after acquiring an additional 10,924 shares during the last quarter. Finally, Capital International Investors grew its stake in Sherwin-Williams by 10.5% during the 1st quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock valued at $799,595,000 after acquiring an additional 219,149 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.5 %

Shares of Sherwin-Williams stock opened at $371.66 on Thursday. The firm has a market cap of $93.60 billion, a PE ratio of 37.02, a P/E/G ratio of 3.05 and a beta of 1.17. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a fifty-two week low of $270.95 and a fifty-two week high of $392.57. The business’s fifty day moving average is $376.69 and its two-hundred day moving average is $343.40.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $3.20 earnings per share. Analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.77%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Insider Activity

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SHW shares. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird increased their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Citigroup decreased their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.