Penserra Capital Management LLC boosted its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110 shares of the specialty chemicals company’s stock after buying an additional 22 shares during the quarter. Penserra Capital Management LLC’s holdings in Sherwin-Williams were worth $60,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its position in shares of Sherwin-Williams by 10,335.5% during the second quarter. Nuveen Asset Management LLC now owns 910,704 shares of the specialty chemicals company’s stock worth $417,367,000 after acquiring an additional 901,977 shares during the last quarter. BlackRock Inc. boosted its holdings in Sherwin-Williams by 1.7% in the second quarter. BlackRock Inc. now owns 5,530,261 shares of the specialty chemicals company’s stock valued at $2,534,464,000 after acquiring an additional 90,828 shares during the last quarter. Farallon Capital Management LLC increased its position in Sherwin-Williams by 21.2% during the 2nd quarter. Farallon Capital Management LLC now owns 465,699 shares of the specialty chemicals company’s stock valued at $213,425,000 after purchasing an additional 81,536 shares during the period. Cibc World Markets Corp increased its position in Sherwin-Williams by 245.2% during the 2nd quarter. Cibc World Markets Corp now owns 101,766 shares of the specialty chemicals company’s stock valued at $46,638,000 after purchasing an additional 72,284 shares during the period. Finally, AQR Capital Management LLC increased its position in Sherwin-Williams by 107.9% during the 2nd quarter. AQR Capital Management LLC now owns 133,572 shares of the specialty chemicals company’s stock valued at $60,583,000 after purchasing an additional 69,322 shares during the period. Hedge funds and other institutional investors own 76.84% of the company’s stock.

A number of brokerages have recently issued reports on SHW. ValuEngine downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley increased their price objective on shares of Sherwin-Williams from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their target price on shares of Sherwin-Williams from $430.00 to $546.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Credit Suisse Group lifted their target price on shares of Sherwin-Williams from $587.00 to $610.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Buckingham Research boosted their target price on shares of Sherwin-Williams from $485.00 to $515.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Sherwin-Williams presently has a consensus rating of “Buy” and an average target price of $579.52.

In related news, SVP Thomas P. Gilligan sold 4,250 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $570.10, for a total transaction of $2,422,925.00. Following the transaction, the senior vice president now directly owns 8,189 shares of the company’s stock, valued at approximately $4,668,548.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Aaron M. Erter sold 3,280 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $580.62, for a total value of $1,904,433.60. Following the transaction, the insider now directly owns 6,786 shares in the company, valued at $3,940,087.32. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Shares of NYSE SHW opened at $577.91 on Wednesday. The firm has a market cap of $53.83 billion, a PE ratio of 31.19, a P/E/G ratio of 2.30 and a beta of 1.25. Sherwin-Williams Co has a 12-month low of $365.20 and a 12-month high of $597.00. The company’s fifty day simple moving average is $576.38 and its 200 day simple moving average is $515.49. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 2.34.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $6.65 earnings per share for the quarter, beating the consensus estimate of $6.46 by $0.19. Sherwin-Williams had a net margin of 7.81% and a return on equity of 50.96%. The firm had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the previous year, the firm posted $5.68 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. On average, equities analysts predict that Sherwin-Williams Co will post 21.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, November 14th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.78%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.39%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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