Northwest & Ethical Investments L.P. Purchases 8,038 Shares of The Sherwin-Williams Company (NYSE:SHW)

Northwest & Ethical Investments L.P. boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 55.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,534 shares of the specialty chemicals company’s stock after purchasing an additional 8,038 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Sherwin-Williams were worth $8,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of Sherwin-Williams by 449.5% in the 1st quarter. Cetera Investment Advisers now owns 56,691 shares of the specialty chemicals company’s stock worth $19,690,000 after acquiring an additional 46,375 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of Sherwin-Williams by 34.4% in the first quarter. Cetera Advisors LLC now owns 22,454 shares of the specialty chemicals company’s stock worth $7,799,000 after purchasing an additional 5,743 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Sherwin-Williams by 18.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 134,499 shares of the specialty chemicals company’s stock valued at $46,404,000 after purchasing an additional 21,055 shares in the last quarter. SG Capital Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter valued at approximately $7,782,000. Finally, Clear Rock Advisors LLC grew its holdings in Sherwin-Williams by 1.5% during the first quarter. Clear Rock Advisors LLC now owns 8,978 shares of the specialty chemicals company’s stock worth $3,118,000 after buying an additional 131 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, 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 disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup dropped their price objective on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays boosted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Finally, Wells Fargo & Company raised their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $393.96 on Friday. The firm has a market capitalization of $99.22 billion, a P/E ratio of 39.24, a P/E/G ratio of 3.17 and a beta of 1.17. 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 stock’s 50-day simple moving average is $378.56 and its two-hundred day simple moving average is $346.30. The Sherwin-Williams Company has a twelve month low of $272.34 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share 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 last year, the company posted $3.20 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.73%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

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.