DekaBank Deutsche Girozentrale Boosts Position in The Sherwin-Williams Company (NYSE:SHW)

DekaBank Deutsche Girozentrale raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 192.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,010 shares of the specialty chemicals company’s stock after buying an additional 258,511 shares during the period. DekaBank Deutsche Girozentrale owned about 0.16% of Sherwin-Williams worth $116,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in Sherwin-Williams in the second quarter worth approximately $41,000. Main Street Financial Solutions LLC increased its stake in shares of Sherwin-Williams by 1.7% during the second quarter. Main Street Financial Solutions LLC now owns 2,445 shares of the specialty chemicals company’s stock valued at $730,000 after buying an additional 40 shares during the period. Vest Financial LLC raised its holdings in shares of Sherwin-Williams by 20.5% in the second quarter. Vest Financial LLC now owns 146,151 shares of the specialty chemicals company’s stock valued at $43,616,000 after acquiring an additional 24,835 shares in the last quarter. Trueblood Wealth Management LLC lifted its stake in Sherwin-Williams by 2.2% in the second quarter. Trueblood Wealth Management LLC now owns 2,206 shares of the specialty chemicals company’s stock worth $658,000 after acquiring an additional 48 shares during the period. Finally, Jupiter Asset Management Ltd. grew its holdings in Sherwin-Williams by 0.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 145,754 shares of the specialty chemicals company’s stock worth $43,497,000 after acquiring an additional 805 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Up 0.4 %

Shares of Sherwin-Williams stock opened at $375.40 on Friday. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $378.86. 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 stock has a market cap of $94.70 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.92 and a beta of 1.17. The firm has a fifty day moving average price of $346.75 and a 200 day moving average price of $326.72.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.76%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHW. UBS Group boosted their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. KeyCorp upped their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group increased their target price on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upped their price objective on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $362.68.

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.