Sanctuary Advisors LLC Buys 6,308 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sanctuary Advisors LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.1% in the third quarter, Holdings Channel reports. The institutional investor owned 43,295 shares of the specialty chemicals company’s stock after purchasing an additional 6,308 shares during the period. Sanctuary Advisors LLC’s holdings in Sherwin-Williams were worth $16,812,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC increased its stake in Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after purchasing an additional 999,164 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Sherwin-Williams by 40,317.4% during the third quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after acquiring an additional 724,907 shares in the last quarter. Jensen Investment Management Inc. purchased a new position in Sherwin-Williams in the 2nd quarter worth approximately $169,770,000. 1832 Asset Management L.P. raised its holdings in Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after acquiring an additional 496,326 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its stake in Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock valued at $124,769,000 after purchasing an additional 308,921 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. BMO Capital Markets lifted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Barclays increased their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Citigroup decreased their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $396.47.

Insider Activity

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 1.4 %

Shares of SHW opened at $366.82 on Friday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $92.38 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 3.00 and a beta of 1.19. The business’s 50 day moving average is $379.24 and its 200 day moving average is $351.37.

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

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

Sherwin-Williams Company 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.