BKM Wealth Management LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,621 shares of the specialty chemicals company’s stock, valued at approximately $619,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in SHW. Tamar Securities LLC grew its position in Sherwin-Williams by 3.4% in the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock worth $18,608,000 after buying an additional 1,604 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after purchasing an additional 193 shares during the period. Transcend Capital Advisors LLC lifted its holdings in shares of Sherwin-Williams by 24.1% during the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after purchasing an additional 1,514 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Sherwin-Williams by 4.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after purchasing an additional 4,074 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in Sherwin-Williams by 17.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,592 shares of the specialty chemicals company’s stock worth $7,152,000 after purchasing an additional 3,031 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Sherwin-Williams
Sherwin-Williams Price Performance
NYSE SHW opened at $359.04 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $91.03 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $392.57. The company has a 50 day moving average price of $371.91 and a two-hundred day moving average price of $334.83.
Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.20 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 11.31 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.80%. 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.
Recommended Stories
- Five stocks we like better than Sherwin-Williams
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- How to Use the MarketBeat Stock Screener
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.