Vest Financial LLC Buys 813 Shares of The Sherwin-Williams Company (NYSE:SHW)

Vest Financial LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,964 shares of the specialty chemicals company’s stock after acquiring an additional 813 shares during the quarter. Sherwin-Williams accounts for about 1.1% of Vest Financial LLC’s investment portfolio, making the stock its 21st largest holding. Vest Financial LLC’s holdings in Sherwin-Williams were worth $56,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Sherwin-Williams by 0.9% in the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after acquiring an additional 184,979 shares during the period. Capital International Investors grew its stake in shares of Sherwin-Williams by 10.5% in the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock worth $799,595,000 after acquiring an additional 219,149 shares during the period. Legal & General Group Plc grew its stake in shares of Sherwin-Williams by 2.9% in the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock worth $573,538,000 after acquiring an additional 53,487 shares during the period. PineStone Asset Management Inc. grew its position in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after buying an additional 917,979 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its position in Sherwin-Williams by 18.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after buying an additional 238,031 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays boosted their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Evercore ISI boosted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. BMO Capital Markets boosted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday. Finally, The Goldman Sachs Group boosted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $383.35.

Insider Transactions at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock traded down $0.72 during trading on Friday, hitting $388.36. 1,280,307 shares of the company’s stock traded hands, compared to its average volume of 1,529,468. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $392.57. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The business has a fifty day simple moving average of $370.58 and a 200 day simple moving average of $333.88. The stock has a market capitalization of $98.47 billion, a price-to-earnings ratio of 41.40, a P/E/G ratio of 3.01 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS 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 business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the business earned $3.29 earnings per share. Sherwin-Williams’s quarterly revenue was up .5% compared to the same quarter last year. As a group, research analysts expect that The Sherwin-Williams Company will post 11.5 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Sherwin-Williams 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.