Compagnie Lombard Odier SCmA Purchases New Stake in The Sherwin-Williams Company (NYSE:SHW)

Compagnie Lombard Odier SCmA acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 698 shares of the specialty chemicals company’s stock, valued at approximately $266,000.

Several other hedge funds have also recently bought and sold shares of SHW. Crestmont Private Wealth LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $235,000. Exchange Traded Concepts LLC raised its holdings in shares of Sherwin-Williams by 135.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 238 shares of the specialty chemicals company’s stock worth $91,000 after buying an additional 137 shares in the last quarter. HCR Wealth Advisors lifted its holdings in shares of Sherwin-Williams by 42.2% in the third quarter. HCR Wealth Advisors now owns 1,834 shares of the specialty chemicals company’s stock worth $700,000 after acquiring an additional 544 shares during the last quarter. Ritholtz Wealth Management increased its position in Sherwin-Williams by 41.2% during the 3rd quarter. Ritholtz Wealth Management now owns 9,328 shares of the specialty chemicals company’s stock worth $3,560,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in Sherwin-Williams by 8.8% in the third quarter. Valeo Financial Advisors LLC now owns 2,868 shares of the specialty chemicals company’s stock valued at $1,095,000 after buying an additional 232 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction that occurred on 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 owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. The Goldman Sachs Group upped their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Morgan Stanley boosted their price target on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $370.39.

Sherwin-Williams Trading Up 0.7 %

Shares of Sherwin-Williams stock opened at $378.99 on Monday. The stock has a market capitalization of $95.60 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $385.25. The stock has a 50 day moving average price of $366.02 and a two-hundred day moving average price of $332.19. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the firm posted $3.29 EPS. Sherwin-Williams’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.5 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.75%. Sherwin-Williams’s payout ratio is 29.15%.

Sherwin-Williams 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.