Czech National Bank Purchases 2,825 Shares of The Sherwin-Williams Company (NYSE:SHW)

Czech National Bank lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 6.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,276 shares of the specialty chemicals company’s stock after purchasing an additional 2,825 shares during the quarter. Czech National Bank’s holdings in Sherwin-Williams were worth $18,044,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $468,000. JLB & Associates Inc. lifted its position in shares of Sherwin-Williams by 9.1% in the 3rd quarter. JLB & Associates Inc. now owns 36,480 shares of the specialty chemicals company’s stock worth $13,923,000 after purchasing an additional 3,047 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Sherwin-Williams by 3.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,703 shares of the specialty chemicals company’s stock valued at $650,000 after purchasing an additional 55 shares in the last quarter. First Financial Bank Trust Division purchased a new position in shares of Sherwin-Williams during the third quarter valued at about $288,000. Finally, Neville Rodie & Shaw Inc. bought a new position in Sherwin-Williams in the third quarter worth about $240,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

NYSE SHW traded down $1.80 during trading hours on Friday, hitting $371.30. The company’s stock had a trading volume of 883,705 shares, compared to its average volume of 1,559,138. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The company has a market cap of $94.14 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 3.01 and a beta of 1.17. The company’s 50 day simple moving average is $363.56 and its two-hundred day simple moving average is $331.21. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $385.25.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the company earned $3.29 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s payout ratio is currently 30.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SHW has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $418.00 price objective on shares of Sherwin-Williams in a research report on Friday, August 30th. Wells Fargo & Company increased their price objective on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Robert W. Baird increased their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $370.39.

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.