Fulcrum Asset Management LLP Acquires 2,342 Shares of The Sherwin-Williams Company $SHW

Fulcrum Asset Management LLP acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, HoldingsChannel reports. The firm acquired 2,342 shares of the specialty chemicals company’s stock, valued at approximately $774,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Milestone Asset Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter worth approximately $3,153,000. Caisse de depot et placement du Quebec acquired a new position in shares of Sherwin-Williams in the second quarter valued at approximately $5,473,000. William John Sempolinski acquired a new position in shares of Sherwin-Williams in the second quarter valued at approximately $2,456,000. BlackRock Inc. acquired a new position in shares of Sherwin-Williams in the second quarter valued at approximately $6,100,083,000. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Sherwin-Williams by 421.7% during the third quarter. First Citizens Bank & Trust Co. now owns 4,309 shares of the specialty chemicals company’s stock worth $1,393,000 after purchasing an additional 3,483 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $415.00 price target (up from $390.00) on shares of Sherwin-Williams in a report on Friday, October 9th. DA Davidson set a $390.00 price objective on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Wednesday, October 28th. Weiss Ratings cut shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. BNP Paribas Exane upped their price objective on shares of Sherwin-Williams from $345.00 to $360.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, Bank of America upped their price objective on shares of Sherwin-Williams from $369.00 to $383.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $377.29.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 3,891 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $350.42, for a total value of $1,363,484.22. Following the completion of the transaction, the senior vice president owned 31,466 shares in the company, valued at approximately $11,026,315.72. This represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James R. Jaye sold 2,301 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $345.56, for a total value of $795,133.56. Following the completion of the transaction, the senior vice president owned 6,936 shares of the company’s stock, valued at $2,396,804.16. The trade was a 24.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 22,315 shares of company stock valued at $7,848,071. 0.23% of the stock is owned by company insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $350.81 on Friday. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. The company has a 50-day moving average price of $331.16 and a 200 day moving average price of $333.11. The company has a market cap of $84.75 billion, a P/E ratio of 32.24, a PEG ratio of 2.96 and a beta of 1.05. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.78 billion. During the same quarter in the previous year, the firm posted $3.59 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.41%.

Sherwin-Williams Profile

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels. Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.