Wilmington Savings Fund Society FSB Buys 15,983 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wilmington Savings Fund Society FSB raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 2,092.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,747 shares of the specialty chemicals company’s stock after purchasing an additional 15,983 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Sherwin-Williams were worth $6,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Sherwin-Williams by 1.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,383 shares of the specialty chemicals company’s stock worth $778,000 after buying an additional 42 shares during the last quarter. Swedbank AB raised its stake in Sherwin-Williams by 1.2% in the 2nd quarter. Swedbank AB now owns 112,374 shares of the specialty chemicals company’s stock worth $33,536,000 after acquiring an additional 1,297 shares during the last quarter. Coronation Fund Managers Ltd. lifted its position in Sherwin-Williams by 17.7% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 6,936 shares of the specialty chemicals company’s stock worth $2,070,000 after acquiring an additional 1,044 shares during the period. Blue Trust Inc. grew its stake in Sherwin-Williams by 50.0% during the 2nd quarter. Blue Trust Inc. now owns 1,302 shares of the specialty chemicals company’s stock valued at $389,000 after purchasing an additional 434 shares during the last quarter. Finally, Brookstone Capital Management raised its stake in shares of Sherwin-Williams by 13.2% in the second quarter. Brookstone Capital Management now owns 5,355 shares of the specialty chemicals company’s stock worth $1,745,000 after purchasing an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $366.82 on Friday. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The stock has a market cap of $92.38 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 3.00 and a beta of 1.19. The firm has a 50 day simple moving average of $379.24 and a 200-day simple moving average of $351.37. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. Sherwin-Williams’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.20 EPS. On average, analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

Analysts Set New Price Targets

Several research analysts recently issued reports on SHW shares. Jefferies Financial Group raised their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $396.47.

Insider Activity at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.