Piedmont Investment Advisors LLC Buys 8,858 Shares of Sherwin-Williams Co (SHW)
Piedmont Investment Advisors LLC lifted its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 50.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,364 shares of the specialty chemicals company’s stock after acquiring an additional 8,858 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Sherwin-Williams were worth $9,439,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Sherwin-Williams by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock worth $2,313,506,000 after purchasing an additional 315,903 shares during the period. BlackRock Inc. boosted its stake in Sherwin-Williams by 3.9% in the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after purchasing an additional 204,766 shares during the period. FMR LLC boosted its stake in Sherwin-Williams by 18.1% in the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after purchasing an additional 621,190 shares during the period. Janus Henderson Group PLC boosted its stake in Sherwin-Williams by 27.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after purchasing an additional 288,492 shares during the period. Finally, Fiera Capital Corp boosted its stake in Sherwin-Williams by 11.3% in the 2nd quarter. Fiera Capital Corp now owns 1,282,221 shares of the specialty chemicals company’s stock worth $450,009,000 after purchasing an additional 130,002 shares during the period. Institutional investors own 75.98% of the company’s stock.
In related news, insider Robert J. Davisson sold 1,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $407.11, for a total transaction of $407,110.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joel D. Baxter sold 2,376 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now owns 3,302 shares in the company, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock worth $5,969,846 over the last ninety days. Insiders own 1.69% of the company’s stock.
Several research firms have weighed in on SHW. Royal Bank of Canada restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, September 20th. Robert W. Baird restated a “buy” rating and issued a $375.00 price target on shares of Sherwin-Williams in a research note on Friday, September 29th. Zacks Investment Research downgraded Sherwin-Williams from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. BidaskClub upgraded Sherwin-Williams from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Northcoast Research restated a “buy” rating and issued a $435.00 price target (up from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $402.32.
Shares of Sherwin-Williams Co (SHW) traded down $0.74 on Wednesday, hitting $407.02. The stock had a trading volume of 355,600 shares, compared to its average volume of 627,198. The stock has a market cap of $38,131.23, a PE ratio of 29.38, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. Sherwin-Williams Co has a twelve month low of $265.14 and a twelve month high of $413.98. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.23 EPS. analysts expect that Sherwin-Williams Co will post 15.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a dividend of $0.85 per share. The ex-dividend date was Thursday, November 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.90%.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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