Mediolanum International Funds Ltd Boosts Stake in The Sherwin-Williams Company (NYSE:SHW)

Mediolanum International Funds Ltd boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 35.8% in the third quarter, Holdings Channel reports. The institutional investor owned 33,626 shares of the specialty chemicals company’s stock after acquiring an additional 8,856 shares during the period. Mediolanum International Funds Ltd’s holdings in Sherwin-Williams were worth $12,848,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SHW. Lake Street Advisors Group LLC increased its position in shares of Sherwin-Williams by 4.9% during the third quarter. Lake Street Advisors Group LLC now owns 5,838 shares of the specialty chemicals company’s stock worth $2,228,000 after purchasing an additional 274 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Sherwin-Williams by 13.2% during the third quarter. Ballentine Partners LLC now owns 4,521 shares of the specialty chemicals company’s stock worth $1,726,000 after purchasing an additional 526 shares in the last quarter. Silver Oak Securities Incorporated increased its position in shares of Sherwin-Williams by 180.0% during the third quarter. Silver Oak Securities Incorporated now owns 1,498 shares of the specialty chemicals company’s stock worth $573,000 after purchasing an additional 963 shares in the last quarter. Moody Lynn & Lieberson LLC increased its position in shares of Sherwin-Williams by 14.5% during the third quarter. Moody Lynn & Lieberson LLC now owns 8,456 shares of the specialty chemicals company’s stock worth $3,227,000 after purchasing an additional 1,069 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC acquired a new position in shares of Sherwin-Williams during the third quarter worth $1,011,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird upped their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank of Canada reduced their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday. Evercore ISI reduced their price target on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group upped their target price on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $395.29.

Sherwin-Williams Stock Down 0.7 %

SHW stock opened at $359.04 on Friday. The company has a market cap of $91.03 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 2.87 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $392.57. The firm has a 50-day moving average of $371.91 and a two-hundred day moving average of $334.83.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.20 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 11.31 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.80%. Sherwin-Williams’s payout ratio is 30.49%.

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 shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

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.