Empower Advisory Group LLC Has $119.33 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Empower Advisory Group LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 312,658 shares of the specialty chemicals company’s stock after acquiring an additional 8,329 shares during the period. Empower Advisory Group LLC owned about 0.12% of Sherwin-Williams worth $119,332,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. raised its holdings in shares of Sherwin-Williams by 132.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after buying an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Sherwin-Williams by 610.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after buying an additional 898,143 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock worth $277,361,000 after buying an additional 724,907 shares in the last quarter. Jensen Investment Management Inc. acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $169,770,000. Finally, 1832 Asset Management L.P. raised its holdings in shares of Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after buying an additional 496,326 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams 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 transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHW. Barclays increased their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Evercore ISI raised their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One equities 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 given a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Stock Down 1.4 %

NYSE:SHW opened at $383.67 on Wednesday. The Sherwin-Williams Company has a 12-month low of $252.75 and a 12-month high of $392.57. 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 has a market capitalization of $96.63 billion, a P/E ratio of 38.21, a P/E/G ratio of 3.14 and a beta of 1.17. The stock’s fifty day simple moving average is $374.60 and its 200-day simple moving average is $339.99.

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

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

About Sherwin-Williams

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.