The Sherwin-Williams Company (NYSE:SHW) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,913 shares of the specialty chemicals company’s stock after acquiring an additional 586 shares during the period. GAMMA Investing LLC’s holdings in Sherwin-Williams were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s 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 transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Performance

SHW stock opened at $336.54 on Friday. The stock has a market cap of $84.76 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.94 and a beta of 1.19. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a 50 day simple moving average of $370.31 and a 200 day simple moving average of $356.23. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 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 for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the firm earned $3.20 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Robert W. Baird raised their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada dropped their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $397.63.

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.