The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,996 shares of the specialty chemicals company’s stock after purchasing an additional 1,873 shares during the period. Metis Global Partners LLC’s holdings in Sherwin-Williams were worth $8,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SHW. Vanguard Group Inc. boosted its stake in Sherwin-Williams by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after purchasing an additional 184,979 shares in the last quarter. Capital International Investors boosted its stake in Sherwin-Williams by 10.5% during the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock valued at $799,595,000 after buying an additional 219,149 shares in the last quarter. Legal & General Group Plc grew its holdings in Sherwin-Williams by 2.9% during the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock worth $573,538,000 after acquiring an additional 53,487 shares during the period. PineStone Asset Management Inc. raised its position in Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after acquiring an additional 917,979 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Sherwin-Williams by 18.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after acquiring an additional 238,031 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHW has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Evercore ISI upped 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. Wells Fargo & Company raised their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, The Goldman Sachs Group upped their target price on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $396.47.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Up 0.9 %

Sherwin-Williams stock opened at $387.29 on Thursday. The firm’s 50 day moving average price is $375.49 and its two-hundred day moving average price is $340.86. The firm has a market cap of $97.54 billion, a PE ratio of 38.57, a P/E/G ratio of 3.09 and a beta of 1.17. The Sherwin-Williams Company has a twelve month low of $258.52 and a twelve month high of $392.57. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 dividend yield of 0.74%. Sherwin-Williams’s dividend payout ratio is 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.