Dimensional Fund Advisors LP lifted its holdings in Sherwin-Williams Co (NYSE:SHW) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,343 shares of the specialty chemicals company’s stock after buying an additional 4,122 shares during the period. Dimensional Fund Advisors LP owned approximately 0.21% of Sherwin-Williams worth $70,655,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BRYN MAWR TRUST Co boosted its stake in shares of Sherwin-Williams by 0.7% in the 2nd quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after buying an additional 7 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Sherwin-Williams by 0.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,032 shares of the specialty chemicals company’s stock worth $1,064,000 after buying an additional 28 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of 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 worth $145,000 after buying an additional 29 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Sherwin-Williams by 0.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,372 shares of the specialty chemicals company’s stock worth $1,182,000 after buying an additional 30 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of Sherwin-Williams by 1.5% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,150 shares of the specialty chemicals company’s stock worth $755,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 75.60% of the company’s stock.
Shares of Sherwin-Williams Co (SHW) opened at $410.20 on Thursday. 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 Co has a 1-year low of $268.05 and a 1-year high of $415.75. The stock has a market cap of $38,470.00, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a yield of 0.83%. Sherwin-Williams’s payout ratio is 28.81%.
In other Sherwin-Williams news, insider Robert J. Davisson sold 1,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $407.11, for a total transaction of $407,110.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the sale, the insider now directly owns 3,302 shares in the company, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock worth $5,969,846 in the last three months. Insiders own 1.69% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 target price on the stock in a research note on Wednesday. Credit Suisse Group reiterated an “outperform” rating and issued a $410.00 price objective (up previously from $375.00) on shares of Sherwin-Williams in a research note on Wednesday, October 4th. Citigroup upped their price objective on Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Jefferies Group upped their price objective on Sherwin-Williams from $364.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, October 4th. Finally, Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “buy” rating and upped their price objective for the company from $325.00 to $435.00 in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Sherwin-Williams has an average rating of “Buy” and a consensus target price of $413.64.
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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.
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