Norris Perne & French LLP MI Has $25.96 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Norris Perne & French LLP MI boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 110.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 68,005 shares of the specialty chemicals company’s stock after acquiring an additional 35,688 shares during the quarter. Sherwin-Williams makes up approximately 1.8% of Norris Perne & French LLP MI’s holdings, making the stock its 16th biggest holding. Norris Perne & French LLP MI’s holdings in Sherwin-Williams were worth $25,955,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SHW. PineStone Asset Management Inc. boosted its stake in shares of Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after purchasing an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Sherwin-Williams by 610.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock valued at $311,971,000 after purchasing an additional 898,143 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Sherwin-Williams by 40,317.4% during the third quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock worth $277,361,000 after acquiring an additional 724,907 shares during the last quarter. Jensen Investment Management Inc. bought a new position in shares of Sherwin-Williams during the second quarter worth about $169,770,000. Finally, 1832 Asset Management L.P. raised its position in shares of Sherwin-Williams by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after acquiring an additional 496,326 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SHW shares. Morgan Stanley raised their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Robert W. Baird raised their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lowered their price objective on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Barclays raised their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Evercore ISI lowered their price objective on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $395.29.

Sherwin-Williams Stock Down 0.8 %

Shares of NYSE:SHW opened at $359.07 on Friday. The stock has a market cap of $90.43 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.92 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 12-month low of $235.84 and a 12-month high of $392.57. The business’s 50 day moving average is $372.38 and its 200 day moving average is $336.07.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.80%. Sherwin-Williams’s payout ratio is presently 28.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.