705 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by Gilbert & Cook Inc.

Gilbert & Cook Inc. purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 705 shares of the specialty chemicals company’s stock, valued at approximately $269,000.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. O Shaughnessy Asset Management LLC grew its stake in Sherwin-Williams by 24.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 31,869 shares of the specialty chemicals company’s stock worth $11,069,000 after buying an additional 6,179 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in Sherwin-Williams by 200.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 6,088 shares of the specialty chemicals company’s stock worth $2,115,000 after acquiring an additional 4,059 shares during the period. Capitolis Liquid Global Markets LLC acquired a new stake in Sherwin-Williams during the 1st quarter worth approximately $47,793,000. Atlanta Consulting Group Advisors LLC acquired a new stake in Sherwin-Williams during the 1st quarter worth approximately $332,000. Finally, Lake Street Advisors Group LLC lifted its position in Sherwin-Williams by 145.0% during the 1st quarter. Lake Street Advisors Group LLC now owns 5,714 shares of the specialty chemicals company’s stock worth $1,985,000 after acquiring an additional 3,382 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $378.99 on Monday. The Sherwin-Williams Company has a 1-year low of $264.54 and a 1-year high of $392.57. The company has a market capitalization of $95.45 billion, a P/E ratio of 37.75, a PEG ratio of 3.05 and a beta of 1.17. The business has a 50 day moving average price of $376.42 and a 200 day moving average price of $342.26. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share 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 firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the business earned $3.20 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

Analysts Set New Price Targets

A number of research firms have weighed in on SHW. BMO Capital Markets increased their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This trade represents a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

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.