Dupont Capital Management Corp boosted its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 24.3% in the third quarter, Holdings Channel reports. The fund owned 13,259 shares of the specialty chemicals company’s stock after buying an additional 2,592 shares during the quarter. Dupont Capital Management Corp’s holdings in Sherwin-Williams were worth $6,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in Sherwin-Williams during the third quarter worth about $112,000. Fort L.P. acquired a new position in Sherwin-Williams during the second quarter worth about $124,000. CWM LLC raised its position in Sherwin-Williams by 115.4% during the third quarter. CWM LLC now owns 280 shares of the specialty chemicals company’s stock worth $127,000 after acquiring an additional 150 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Sherwin-Williams by 168.6% during the second quarter. Valeo Financial Advisors LLC now owns 325 shares of the specialty chemicals company’s stock worth $142,000 after acquiring an additional 204 shares during the last quarter. Finally, Townsend & Associates Inc acquired a new position in Sherwin-Williams during the third quarter worth about $148,000. Institutional investors own 77.73% of the company’s stock.

In related news, Director John M. Stropki bought 675 shares of the stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average cost of $375.00 per share, for a total transaction of $253,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas P. Gilligan sold 5,080 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $458.04, for a total transaction of $2,326,843.20. Following the completion of the sale, the senior vice president now owns 7,043 shares of the company’s stock, valued at $3,225,975.72. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on SHW shares. Gabelli started coverage on shares of Sherwin-Williams in a research report on Friday, September 21st. They set a “buy” rating and a $553.00 target price for the company. Seaport Global Securities cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, September 17th. They noted that the move was a valuation call. ValuEngine cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Citigroup cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their target price for the stock from $492.00 to $435.00 in a research report on Wednesday, October 10th. Finally, Credit Suisse Group set a $500.00 price objective on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Monday, October 15th. Ten analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Sherwin-Williams has a consensus rating of “Buy” and an average target price of $467.40.

NYSE:SHW opened at $414.84 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $37.93 billion, a PE ratio of 29.07, a PEG ratio of 1.66 and a beta of 1.34. Sherwin-Williams Co has a 1-year low of $355.28 and a 1-year high of $479.64.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share for the quarter, missing analysts’ consensus estimates of $5.71 by ($0.03). The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.78 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 45.22%. Research analysts anticipate that Sherwin-Williams Co will post 19.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be issued a $0.86 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.44 dividend on an annualized basis and a yield of 0.83%. Sherwin-Williams’s payout ratio is 24.11%.

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About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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