First National Bank of Omaha bought a new stake in Sherwin-Williams Co (NYSE:SHW) in the third quarter, Holdings Channel reports. The fund bought 420 shares of the specialty chemicals company’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHW. Krane Funds Advisors LLC purchased a new stake in shares of Sherwin-Williams in the second quarter worth approximately $25,000. Tortoise Investment Management LLC grew its position in shares of Sherwin-Williams by 235.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 57 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 40 shares during the period. Hexavest Inc. acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $27,000. Next Capital Management LLC acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth $27,000. Finally, Lenox Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 55.3% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 59 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 76.66% of the company’s stock.

Several equities analysts recently commented on SHW shares. Deutsche Bank boosted their target price on Sherwin-Williams from $550.00 to $640.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Citigroup increased their price objective on shares of Sherwin-Williams from $525.00 to $631.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Jefferies Financial Group lifted their price objective on shares of Sherwin-Williams from $430.00 to $546.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Buckingham Research boosted their price target on shares of Sherwin-Williams from $485.00 to $515.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna Bancshares increased their price objective on shares of Sherwin-Williams from $545.00 to $580.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $579.59.

In other news, SVP Thomas P. Gilligan sold 4,250 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $570.10, for a total value of $2,422,925.00. Following the completion of the transaction, the senior vice president now directly owns 8,189 shares of the company’s stock, valued at $4,668,548.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Sherwin-Williams stock opened at $581.35 on Friday. Sherwin-Williams Co has a one year low of $365.20 and a one year high of $589.00. The business has a fifty day moving average price of $559.37 and a 200-day moving average price of $499.32. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.01 and a quick ratio of 0.63. The firm has a market capitalization of $52.57 billion, a P/E ratio of 31.37, a PEG ratio of 2.24 and a beta of 1.27.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $6.65 EPS for the quarter, topping the Zacks’ consensus estimate of $6.46 by $0.19. Sherwin-Williams had a return on equity of 50.96% and a net margin of 7.81%. The firm had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same period last year, the company earned $5.68 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts expect that Sherwin-Williams Co will post 21.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 14th. Sherwin-Williams’s payout ratio is currently 24.39%.

About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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

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