Cambridge Investment Research Advisors Inc. increased its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 19.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,747 shares of the specialty chemicals company’s stock after acquiring an additional 1,601 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sherwin-Williams were worth $4,437,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $112,000. CWM LLC boosted its stake in Sherwin-Williams by 115.4% during the 3rd quarter. CWM LLC now owns 280 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 150 shares during the period. Fort L.P. bought a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $124,000. Valeo Financial Advisors LLC lifted its position in shares of Sherwin-Williams by 168.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 325 shares of the specialty chemicals company’s stock worth $142,000 after acquiring an additional 204 shares during the period. Finally, Townsend & Associates Inc bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $148,000. 76.27% of the stock is currently owned by institutional investors and hedge funds.

SHW stock traded down $11.74 during midday trading on Tuesday, hitting $406.60. 1,047,228 shares of the company’s stock were exchanged, compared to its average volume of 715,557. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 2.19. The firm has a market cap of $39.70 billion, a PE ratio of 28.49, a P/E/G ratio of 1.73 and a beta of 1.38. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $479.64.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by ($0.03). The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.78 billion. Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. On average, analysts forecast that Sherwin-Williams Co will post 19.11 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.85%. Sherwin-Williams’s dividend payout ratio (DPR) is 24.11%.

A number of analysts have commented on SHW shares. Edward Jones upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 price objective for the company in a research report on Tuesday, October 16th. Credit Suisse Group set a $500.00 target price on Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday, October 15th. Gabelli assumed coverage on Sherwin-Williams in a research report on Friday, September 21st. They set a “buy” rating and a $553.00 target price for the company. Finally, Argus set a $480.00 target price on Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday, October 29th. Ten equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $469.65.

In other news, Director John M. Stropki purchased 675 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were bought at an average cost of $375.00 per share, for a total transaction of $253,125.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.78% of the company’s stock.

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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 primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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

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