DNB Asset Management AS Acquires 13,643 Shares of The Sherwin-Williams Company (NYSE:SHW)

DNB Asset Management AS increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 25.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,313 shares of the specialty chemicals company’s stock after buying an additional 13,643 shares during the period. DNB Asset Management AS’s holdings in Sherwin-Williams were worth $19,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FFT Wealth Management LLC bought a new stake in Sherwin-Williams during the second quarter valued at about $25,000. Gradient Investments LLC raised its position in shares of Sherwin-Williams by 217.2% in the 2nd quarter. Gradient Investments LLC now owns 92 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 63 shares during the last quarter. Pacitti Group Inc. boosted its stake in Sherwin-Williams by 200.0% in the 2nd quarter. Pacitti Group Inc. now owns 96 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 64 shares in the last quarter. Corbenic Partners LLC grew its position in Sherwin-Williams by 200.0% during the 2nd quarter. Corbenic Partners LLC now owns 105 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 70 shares during the last quarter. Finally, Tarbox Family Office Inc. raised its holdings in shares of Sherwin-Williams by 200.0% in the second quarter. Tarbox Family Office Inc. now owns 105 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 70 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

NYSE:SHW opened at $323.30 on Friday. The company’s 50-day moving average is $307.71 and its two-hundred day moving average is $294.68. The firm has a market capitalization of $84.77 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 3.01 and a beta of 1.08. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.83 and a quick ratio of 0.55. The Sherwin-Williams Company has a 1-year low of $218.06 and a 1-year high of $340.45.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Monday, October 25th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 75.00% and a net margin of 10.00%. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same period in the prior year, the business posted $2.76 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 8.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 3rd. Shareholders of record on Friday, November 19th will be given a $0.55 dividend. The ex-dividend date is Thursday, November 18th. This represents a $2.20 dividend on an annualized basis and a yield of 0.68%. Sherwin-Williams’s payout ratio is currently 30.15%.

SHW has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, September 9th. Mizuho assumed coverage on shares of Sherwin-Williams in a research report on Tuesday, October 12th. They set a “buy” rating and a $352.00 price target for the company. Royal Bank of Canada increased their price target on Sherwin-Williams from $330.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, October 28th. Loop Capital increased their price target on shares of Sherwin-Williams from $320.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Finally, Citigroup lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $331.00 to $309.00 in a research note on Thursday, September 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $355.65.

In related news, SVP Bryan J. Young sold 1,662 shares of the company’s stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $303.75, for a total transaction of $504,832.50. Following the sale, the senior vice president now directly owns 3,849 shares in the company, valued at $1,169,133.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph F. Sladek sold 432 shares of the business’s stock in a transaction on Monday, September 13th. The stock was sold at an average price of $302.32, for a total transaction of $130,602.24. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Sherwin-Williams Profile

The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.

See Also: What causes a recession?

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).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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.