The Sherwin-Williams Company $SHW Stock Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,954 shares of the specialty chemicals company’s stock after purchasing an additional 3,115 shares during the period. Rakuten Investment Management Inc.’s holdings in Sherwin-Williams were worth $13,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Sherwin-Williams during the second quarter worth about $6,100,083,000. Wellington Management Group LLP boosted its stake in Sherwin-Williams by 133.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after purchasing an additional 1,593,009 shares during the period. Amundi increased its position in Sherwin-Williams by 20.6% in the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock valued at $705,497,000 after acquiring an additional 376,505 shares during the period. Bank of New York Mellon Corp purchased a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $547,097,000. Finally, Legal & General Group Plc acquired a new position in shares of Sherwin-Williams in the second quarter valued at approximately $459,652,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Mary Garceau sold 3,891 shares of Sherwin-Williams stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $350.42, for a total value of $1,363,484.22. Following the transaction, the senior vice president directly owned 31,466 shares of the company’s stock, valued at $11,026,315.72. The trade was a 11.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 25,277 shares of company stock worth $9,029,348 in the last quarter. 0.23% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $363.70 on Thursday. The stock has a market capitalization of $87.87 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.84 and a beta of 1.05. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.71 and a quick ratio of 0.45. The firm’s 50-day moving average is $329.67 and its two-hundred day moving average is $333.09.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.78 billion. During the same quarter last year, the business posted $3.59 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.41%.

Analyst Ratings Changes

SHW has been the subject of several recent analyst reports. Berenberg Bank raised their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Citigroup cut their price objective on Sherwin-Williams from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Weiss Ratings lowered shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Guggenheim reiterated a “buy” rating and issued a $375.00 price objective (down from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 28th. Finally, Barclays set a $329.00 target price on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a research report on Wednesday, October 28th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $377.29.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.