BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 163.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,508 shares of the specialty chemicals company’s stock after buying an additional 149,851 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Sherwin-Williams were worth $92,176,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Shell Asset Management Co. acquired a new stake in Sherwin-Williams during the 1st quarter worth approximately $396,000. EP Wealth Advisors LLC increased its stake 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 period. 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 acquiring an additional 1,447 shares during the period. Capital Group Private Client Services Inc. boosted its holdings in Sherwin-Williams by 23.1% in the first quarter. Capital Group Private Client Services Inc. now owns 58,288 shares of the specialty chemicals company’s stock valued at $20,245,000 after acquiring an additional 10,924 shares during the last quarter. Finally, Capital International Investors raised its holdings 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 worth $799,595,000 after purchasing an additional 219,149 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.
Sherwin-Williams Price Performance
Shares of NYSE:SHW opened at $371.66 on Thursday. The company has a market capitalization of $93.60 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 3.01 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 fifty-two week low of $270.95 and a fifty-two week high of $392.57. The company’s 50-day moving average is $376.69 and its 200 day moving average is $343.40.
Sherwin-Williams Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.715 per share. 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 0.77%. Sherwin-Williams’s dividend payout ratio is presently 28.49%.
Insider Transactions at Sherwin-Williams
In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 18.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on SHW shares. The Goldman Sachs Group increased their price objective on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets lifted 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. Wells Fargo & Company upped their target price on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley lifted 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, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $396.47.
Check Out Our Latest Research Report on SHW
About Sherwin-Williams
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.
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