SG Americas Securities LLC Purchases 5,911 Shares of Sherwin-Williams Company (The) (SHW)

SG Americas Securities LLC lifted its position in Sherwin-Williams Company (The) (NYSE:SHW) by 60.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,719 shares of the specialty chemicals company’s stock after purchasing an additional 5,911 shares during the quarter. SG Americas Securities LLC’s holdings in Sherwin-Williams Company (The) were worth $5,628,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHW. Bank of Montreal Can raised its stake in shares of Sherwin-Williams Company (The) by 23.3% in the second quarter. Bank of Montreal Can now owns 41,694 shares of the specialty chemicals company’s stock valued at $14,634,000 after purchasing an additional 7,886 shares in the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of Sherwin-Williams Company (The) by 252.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,760 shares of the specialty chemicals company’s stock valued at $618,000 after purchasing an additional 1,261 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Sherwin-Williams Company (The) in the second quarter valued at $417,000. Eqis Capital Management Inc. raised its stake in shares of Sherwin-Williams Company (The) by 8.9% in the second quarter. Eqis Capital Management Inc. now owns 1,223 shares of the specialty chemicals company’s stock valued at $429,000 after purchasing an additional 100 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Sherwin-Williams Company (The) by 30.0% in the second quarter. State Treasurer State of Michigan now owns 281,591 shares of the specialty chemicals company’s stock valued at $98,827,000 after purchasing an additional 64,900 shares in the last quarter. Institutional investors and hedge funds own 73.17% of the company’s stock.

A number of research analysts recently commented on SHW shares. Royal Bank Of Canada restated a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, September 20th. BidaskClub lowered Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Robert W. Baird restated a “buy” rating and issued a $425.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, November 10th. UBS AG restated a “neutral” rating and issued a $375.00 target price (up from $359.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a research note on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $398.25.

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Shares of Sherwin-Williams Company (NYSE:SHW) traded down $1.05 during trading hours on Friday, hitting $386.98. The stock had a trading volume of 309,172 shares, compared to its average volume of 467,244. Sherwin-Williams Company has a 52 week low of $260.00 and a 52 week high of $398.22. The firm has a market capitalization of $36,188.05, a price-to-earnings ratio of 27.88, a PEG ratio of 2.16 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.85 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.88%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 29.90%.

About Sherwin-Williams Company (The)

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 Company (The) (NYSE:SHW)

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