Sirios Capital Management L P Increases Stake in Sherwin-Williams Co (SHW)

Sirios Capital Management L P boosted its stake in Sherwin-Williams Co (NYSE:SHW) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,506 shares of the specialty chemicals company’s stock after buying an additional 27,947 shares during the quarter. Sherwin-Williams makes up about 10.1% of Sirios Capital Management L P’s investment portfolio, making the stock its largest position. Sirios Capital Management L P owned 0.58% of Sherwin-Williams worth $192,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in Sherwin-Williams in the 2nd quarter valued at $100,000. Peddock Capital Advisors LLC acquired a new stake in Sherwin-Williams in the 2nd quarter valued at $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Sherwin-Williams by 7.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after buying an additional 29 shares in the last quarter. Spectrum Management Group Inc. acquired a new stake in Sherwin-Williams in the 3rd quarter valued at $162,000. Finally, Parallel Advisors LLC boosted its stake in Sherwin-Williams by 13.4% in the 2nd quarter. Parallel Advisors LLC now owns 490 shares of the specialty chemicals company’s stock valued at $165,000 after buying an additional 58 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

SHW has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $375.00 price target on shares of Sherwin-Williams in a research note on Friday, September 29th. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 price objective for the company in a research report on Wednesday, September 20th. Royal Bank Of Canada reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, September 20th. KeyCorp reiterated a “buy” rating and issued a $415.00 price objective on shares of Sherwin-Williams in a research report on Sunday, September 3rd. Finally, Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $325.00 to $435.00 in a research report on Thursday, October 5th. Two equities 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 presently has an average rating of “Hold” and a consensus target price of $402.32.

In other news, insider Robert J. Davisson sold 8,800 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now owns 14,812 shares in the company, valued at $5,777,716.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.

Sherwin-Williams Co (NYSE SHW) traded down $4.35 during mid-day trading on Monday, hitting $395.07. The stock had a trading volume of 655,100 shares, compared to its average volume of 631,260. The company has a market capitalization of $36,944.54, a P/E ratio of 28.46, a P/E/G ratio of 2.20 and a beta of 1.22. Sherwin-Williams Co has a 12 month low of $261.65 and a 12 month high of $402.30. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The firm’s quarterly revenue was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.23 earnings per share. analysts predict that Sherwin-Williams Co will post 15.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.86%. Sherwin-Williams’s payout ratio is currently 29.90%.

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Sherwin-Williams Company Profile

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.

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

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