IFM Investors Pty Ltd Takes Position in Sherwin-Williams Co (SHW)
IFM Investors Pty Ltd purchased a new stake in shares of Sherwin-Williams Co (NYSE:SHW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,331 shares of the specialty chemicals company’s stock, valued at approximately $835,000.
Other institutional investors have also added to or reduced their stakes in the company. Yellowstone Partners LLC purchased a new stake in shares of Sherwin-Williams in the third quarter valued at $4,237,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Sherwin-Williams in the third quarter valued at $411,000. TT International raised its stake in shares of Sherwin-Williams by 21.3% in the third quarter. TT International now owns 24,999 shares of the specialty chemicals company’s stock valued at $8,950,000 after acquiring an additional 4,382 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Sherwin-Williams by 84.9% in the third quarter. Ameritas Investment Partners Inc. now owns 6,234 shares of the specialty chemicals company’s stock valued at $2,195,000 after acquiring an additional 2,862 shares during the period. Finally, Insight Capital Research & Management Inc. purchased a new stake in shares of Sherwin-Williams in the third quarter valued at $2,997,000. 75.98% of the stock is currently owned by institutional investors.
Sherwin-Williams Co (NYSE:SHW) traded down $1.57 during midday trading on Thursday, hitting $405.45. 506,100 shares of the stock were exchanged, compared to its average volume of 626,693. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $37,630.00, a PE ratio of 29.32, a PEG ratio of 2.27 and a beta of 1.22. Sherwin-Williams Co has a 12-month low of $265.14 and a 12-month high of $413.98.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The business’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.23 earnings per share. research analysts forecast that Sherwin-Williams Co will post 15.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.84%. The ex-dividend date was Thursday, November 16th. Sherwin-Williams’s payout ratio is 28.81%.
In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the transaction, the insider now directly owns 3,302 shares in the company, valued at approximately $1,285,336.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Davisson sold 8,800 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the transaction, the insider now owns 14,812 shares in the company, valued at $5,777,716.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,122 shares of company stock worth $5,969,846. 1.69% of the stock is owned by company insiders.
Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $455.00 target price on shares of Sherwin-Williams in a research note on Thursday. Credit Suisse Group reissued an “outperform” rating and issued a $410.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a research note on Wednesday, October 4th. Citigroup increased their target price on shares of Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a research note on Wednesday, September 20th. Finally, Jefferies Group increased their target price on shares of Sherwin-Williams from $364.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Sherwin-Williams has a consensus rating of “Hold” and an average target price of $404.10.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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