Wealthsource Partners LLC bought a new stake in Sherwin-Williams Co (NYSE:SHW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 455 shares of the specialty chemicals company’s stock, valued at approximately $207,000.

Other hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in Sherwin-Williams in the 3rd quarter valued at $112,000. Rational Advisors LLC increased its stake in shares of Sherwin-Williams by 1,180.0% during the 3rd quarter. Rational Advisors LLC now owns 256 shares of the specialty chemicals company’s stock worth $117,000 after purchasing an additional 236 shares during the last quarter. Fort L.P. acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth about $124,000. CWM LLC grew its stake in Sherwin-Williams by 115.4% in the 3rd quarter. CWM LLC now owns 280 shares of the specialty chemicals company’s stock valued at $127,000 after buying an additional 150 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in Sherwin-Williams in the 3rd quarter valued at about $130,000. Institutional investors own 76.27% of the company’s stock.

In related news, Director John M. Stropki purchased 675 shares of the stock in a transaction that occurred on Monday, October 29th. The stock was bought at an average cost of $375.00 per share, for a total transaction of $253,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.78% of the company’s stock.

SHW opened at $389.50 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 2.19. The stock has a market cap of $37.55 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 1.64 and a beta of 1.38. Sherwin-Williams Co has a 52-week low of $355.28 and a 52-week high of $479.64.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by ($0.03). Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.78 billion. As a group, analysts expect that Sherwin-Williams Co will post 19.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 16th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 24.11%.

A number of research analysts have issued reports on the stock. Gabelli initiated 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 on the stock. Edward Jones initiated coverage on shares of Sherwin-Williams in a research note on Tuesday, September 4th. They issued a “hold” rating for the company. Barclays dropped their price objective on shares of Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Friday, October 26th. Citigroup downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their price target for the company from $492.00 to $435.00 in a research note on Wednesday, October 10th. Finally, 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. Ten research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $469.65.

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Sherwin-Williams Profile

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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