The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by ING Groep NV

ING Groep NV raised its position in The Sherwin-Williams Company (NYSE:SHW) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,238 shares of the specialty chemicals company’s stock after buying an additional 16,149 shares during the period. ING Groep NV owned approximately 0.06% of Sherwin-Williams worth $61,158,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. PineStone Asset Management Inc. grew its stake in Sherwin-Williams by 132.8% during the 2nd 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 2nd 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 buying an additional 898,143 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Sherwin-Williams by 40,317.4% in 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 buying an additional 724,907 shares during the last quarter. Jensen Investment Management Inc. acquired a new stake in Sherwin-Williams in the second quarter valued at $169,770,000. Finally, 1832 Asset Management L.P. raised its holdings in Sherwin-Williams by 54.0% in the second quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock valued at $422,654,000 after acquiring an additional 496,326 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’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 transaction of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded up $0.85 during trading hours on Thursday, hitting $388.14. The stock had a trading volume of 191,029 shares, compared to its average volume of 1,629,151. The stock’s fifty day simple moving average is $375.49 and its 200 day simple moving average is $340.86. The firm has a market capitalization of $97.75 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 3.09 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a 1-year low of $264.54 and a 1-year high of $392.57.

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

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given 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 yield of 0.74%. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

Analyst Ratings Changes

SHW has been the subject of several research analyst reports. BMO Capital Markets boosted their target price on shares of 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 lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company boosted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

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.