Sherwin-Williams Co (NYSE:SHW) was the target of unusually large options trading activity on Wednesday. Traders bought 4,074 call options on the company. This is an increase of approximately 1,150% compared to the average daily volume of 326 call options.

In related news, Director John M. Stropki bought 675 shares of the business’s stock in a transaction on Monday, October 29th. The stock was acquired at an average price of $375.00 per share, with a total value of $253,125.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.78% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Sherwin-Williams by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,104,385 shares of the specialty chemicals company’s stock worth $3,233,988,000 after purchasing an additional 62,550 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Sherwin-Williams by 2.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,965,703 shares of the specialty chemicals company’s stock worth $1,616,302,000 after purchasing an additional 103,497 shares in the last quarter. FMR LLC lifted its stake in Sherwin-Williams by 12.7% in the 3rd quarter. FMR LLC now owns 3,582,597 shares of the specialty chemicals company’s stock worth $1,630,834,000 after purchasing an additional 402,592 shares in the last quarter. Capital World Investors lifted its stake in Sherwin-Williams by 11.5% in the 3rd quarter. Capital World Investors now owns 3,489,339 shares of the specialty chemicals company’s stock worth $1,588,382,000 after purchasing an additional 359,552 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in Sherwin-Williams by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 1,327,123 shares of the specialty chemicals company’s stock worth $540,895,000 after purchasing an additional 15,992 shares in the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

A number of brokerages have recently issued reports on SHW. Deutsche Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price objective for the company from $400.00 to $465.00 in a research report on Tuesday. Longbow Research began coverage on shares of Sherwin-Williams in a research report on Friday, November 30th. They set a “neutral” rating for the company. Argus set a $480.00 price objective on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Monday, October 29th. Buckingham Research cut their price objective on shares of Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. Finally, Credit Suisse Group cut their price objective on shares of Sherwin-Williams from $500.00 to $467.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Ten equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Sherwin-Williams has a consensus rating of “Buy” and a consensus target price of $469.65.

Sherwin-Williams stock traded down $11.53 during mid-day trading on Friday, hitting $389.50. The stock had a trading volume of 736,594 shares, compared to its average volume of 763,670. The company has a market capitalization of $37.55 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.64 and a beta of 1.38. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.66 and a current ratio of 1.04. Sherwin-Williams has a one year low of $355.28 and a one year high of $479.64.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share for the quarter, missing the consensus estimate of $5.71 by ($0.03). The firm had revenue of $4.73 billion during 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%. Analysts forecast that Sherwin-Williams will post 19.11 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 16th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 24.11%.

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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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