Moors & Cabot Inc. grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,580 shares of the specialty chemicals company’s stock after purchasing an additional 304 shares during the quarter. Moors & Cabot Inc.’s holdings in Sherwin-Williams were worth $3,656,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in SHW. Griffin Asset Management Inc. lifted its holdings in shares of Sherwin-Williams by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock valued at $3,548,000 after acquiring an additional 26 shares during the last quarter. Allworth Financial LP boosted its position in Sherwin-Williams by 1.8% in the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock valued at $595,000 after buying an additional 28 shares during the period. GHP Investment Advisors Inc. grew its position in shares of Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 28 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock valued at $458,000 after purchasing an additional 28 shares in the last quarter. Finally, First Interstate Bank increased its holdings in shares of Sherwin-Williams by 1.9% in the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after acquiring an additional 28 shares during the period. Institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Performance
Shares of SHW stock traded down $2.54 during mid-day trading on Wednesday, reaching $370.96. The stock had a trading volume of 149,843 shares, compared to its average volume of 1,627,551. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The firm’s 50 day simple moving average is $376.69 and its 200 day simple moving average is $343.20. The firm has a market cap of $93.43 billion, a PE ratio of 37.20, a P/E/G ratio of 3.05 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $270.95 and a one year high of $392.57.
Sherwin-Williams Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.77%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 28.49%.
Insider Transactions at Sherwin-Williams
In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This trade represents a 18.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $396.47.
Read Our Latest Stock Analysis on SHW
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.
Recommended Stories
- Five stocks we like better than Sherwin-Williams
- Stock Average Calculator
- Target Results Are Not a Retail Bellwether: Why the Dip Is a Buy
- Where Do I Find 52-Week Highs and Lows?
- Williams-Sonoma Stock: Buy It and Never Let It Go
- Roth IRA Calculator: Calculate Your Potential Returns
- 5 Dividend ETFs to Buy and Hold Forever
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.