AGF Investments Inc. Has $46.98 Million Holdings in Sherwin-Williams Co (SHW)

AGF Investments Inc. increased its stake in Sherwin-Williams Co (NYSE:SHW) by 26.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,224 shares of the specialty chemicals company’s stock after buying an additional 27,365 shares during the period. AGF Investments Inc. owned 0.14% of Sherwin-Williams worth $46,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SHW. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Sherwin-Williams by 0.9% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,725 shares of the specialty chemicals company’s stock worth $2,360,000 after buying an additional 57 shares during the last quarter. FineMark National Bank & Trust grew its stake in shares of Sherwin-Williams by 1.2% in the 2nd quarter. FineMark National Bank & Trust now owns 1,388 shares of the specialty chemicals company’s stock worth $487,000 after buying an additional 17 shares during the last quarter. Bristlecone Advisors LLC grew its stake in shares of Sherwin-Williams by 3.5% in the 2nd quarter. Bristlecone Advisors LLC now owns 1,760 shares of the specialty chemicals company’s stock worth $618,000 after buying an additional 60 shares during the last quarter. Boston Financial Mangement LLC grew its stake in shares of Sherwin-Williams by 9.5% in the 2nd quarter. Boston Financial Mangement LLC now owns 17,498 shares of the specialty chemicals company’s stock worth $6,141,000 after buying an additional 1,512 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its stake in shares of Sherwin-Williams by 4.4% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 3,942 shares of the specialty chemicals company’s stock worth $1,383,000 after buying an additional 166 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

In related news, insider Robert J. Davisson sold 8,800 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the transaction, the insider now directly owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joel D. Baxter sold 2,376 shares of the firm’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 completion of the transaction, the insider now directly owns 3,302 shares in the company, valued at $1,285,336.52. The disclosure for this sale can be found here. 1.69% of the stock is owned by corporate insiders.

Several research firms recently weighed in on SHW. Royal Bank Of Canada restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, September 20th. Robert W. Baird restated 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 downgraded Sherwin-Williams from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Moffett Nathanson initiated coverage on Sherwin-Williams in a research note on Monday. They set a “buy” rating on the stock. Finally, BidaskClub upgraded Sherwin-Williams from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $402.32.

Sherwin-Williams Co (NYSE SHW) traded down $1.38 during midday trading on Wednesday, hitting $405.55. The stock had a trading volume of 561,100 shares, compared to its average volume of 632,085. The company has a market cap of $38,053.62, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. Sherwin-Williams Co has a 12-month low of $263.89 and a 12-month high of $410.66.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. Sherwin-Williams’s payout ratio is 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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