Vest Financial LLC Boosts Holdings in The Sherwin-Williams Company (NYSE:SHW)

Vest Financial LLC boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,964 shares of the specialty chemicals company’s stock after purchasing an additional 813 shares during the quarter. Sherwin-Williams comprises 1.1% of Vest Financial LLC’s investment portfolio, making the stock its 21st biggest position. Vest Financial LLC owned about 0.06% of Sherwin-Williams worth $56,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. PineStone Asset Management Inc. raised its position in shares of 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 buying an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Sherwin-Williams by 610.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after acquiring an additional 898,143 shares during the last quarter. Jensen Investment Management Inc. bought a new stake in Sherwin-Williams in the 2nd quarter worth $169,770,000. 1832 Asset Management L.P. grew its holdings in Sherwin-Williams by 54.0% in the 2nd 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. Finally, DekaBank Deutsche Girozentrale grew its holdings in Sherwin-Williams by 192.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company’s stock worth $116,322,000 after acquiring an additional 258,511 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.2 %

NYSE SHW traded down $0.72 during trading hours on Friday, reaching $388.36. 1,280,307 shares of the company’s stock traded hands, compared to its average volume of 1,529,468. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $392.57. The firm has a market cap of $98.47 billion, a PE ratio of 41.40, a PEG ratio of 3.01 and a beta of 1.17. The firm has a 50-day simple moving average of $370.58 and a 200 day simple moving average of $333.88. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50.

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

Sherwin-Williams Announces Dividend

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 issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $418.00 price target on shares of Sherwin-Williams in a report on Friday, August 30th. The Goldman Sachs Group raised their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Jefferies Financial Group raised their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Evercore ISI raised their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Barclays lifted their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $383.35.

Insiders Place Their Bets

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 shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

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.