The Sherwin-Williams Company (NYSE:SHW) Position Reduced by AGF Investments Inc.

AGF Investments Inc. decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,498 shares of the specialty chemicals company’s stock after selling 17,685 shares during the period. AGF Investments Inc. owned 0.12% of Sherwin-Williams worth $90,772,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Sherwin-Williams by 199.8% in the second quarter. Vanguard Group Inc. now owns 20,663,257 shares of the specialty chemicals company’s stock valued at $5,629,704,000 after buying an additional 13,771,851 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Sherwin-Williams by 1.9% in the third quarter. BlackRock Inc. now owns 17,676,108 shares of the specialty chemicals company’s stock valued at $4,944,539,000 after buying an additional 321,182 shares in the last quarter. State Street Corp increased its holdings in shares of Sherwin-Williams by 221.0% in the second quarter. State Street Corp now owns 11,233,551 shares of the specialty chemicals company’s stock valued at $3,060,581,000 after buying an additional 7,734,545 shares in the last quarter. FMR LLC increased its holdings in shares of Sherwin-Williams by 210.5% in the second quarter. FMR LLC now owns 10,600,448 shares of the specialty chemicals company’s stock valued at $2,888,093,000 after buying an additional 7,186,066 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Sherwin-Williams by 192.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,704,987 shares of the specialty chemicals company’s stock valued at $2,371,674,000 after buying an additional 5,724,284 shares in the last quarter. 76.52% of the stock is currently owned by hedge funds and other institutional investors.

NYSE SHW traded down $10.59 on Friday, reaching $306.80. The company’s stock had a trading volume of 70,931 shares, compared to its average volume of 1,282,291. The firm has a market cap of $80.44 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 2.44 and a beta of 1.07. The business has a 50-day moving average price of $335.11 and a 200 day moving average price of $308.56. The Sherwin-Williams Company has a 52 week low of $218.06 and a 52 week high of $354.15. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 2.83.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Monday, October 25th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.02. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Sherwin-Williams had a net margin of 10.00% and a return on equity of 75.00%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.76 earnings per share. Analysts anticipate that The Sherwin-Williams Company will post 8.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 3rd. Investors of record on Friday, November 19th were paid a $0.55 dividend. The ex-dividend date was Thursday, November 18th. This represents a $2.20 dividend on an annualized basis and a yield of 0.72%. Sherwin-Williams’s payout ratio is currently 30.15%.

Several research analysts have issued reports on the company. The Goldman Sachs Group cut Sherwin-Williams from a “buy” rating to a “neutral” rating and set a $320.00 price target on the stock. in a report on Wednesday, December 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Sherwin-Williams from $320.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, October 27th. KeyCorp lifted their price objective on shares of Sherwin-Williams from $350.00 to $384.00 and gave the stock an “overweight” rating in a research report on Thursday, December 9th. Berenberg Bank lifted their price objective on shares of Sherwin-Williams from $278.00 to $310.00 and gave the stock a “hold” rating in a research report on Friday, October 29th. Finally, Loop Capital lifted their price objective on shares of Sherwin-Williams from $320.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, October 27th. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $357.73.

About Sherwin-Williams

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

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

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