CI Investments Inc. Acquires New Stake in Sherwin-Williams Company (The) (SHW)

CI Investments Inc. acquired a new position in Sherwin-Williams Company (The) (NYSE:SHW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,011 shares of the specialty chemicals company’s stock, valued at approximately $11,461,000.

Several other hedge funds have also made changes to their positions in the company. Alps Advisors Inc. lifted its position in shares of Sherwin-Williams Company (The) by 0.3% in the second quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock worth $542,000 after purchasing an additional 4 shares in the last quarter. BRYN MAWR TRUST Co raised its position in Sherwin-Williams Company (The) by 0.7% during the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after acquiring an additional 7 shares in the last quarter. IFP Advisors Inc raised its position in Sherwin-Williams Company (The) by 0.5% during the second quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock worth $599,000 after acquiring an additional 9 shares in the last quarter. Valmark Advisers Inc. raised its position in Sherwin-Williams Company (The) by 0.3% during the second quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock worth $1,288,000 after acquiring an additional 10 shares in the last quarter. Finally, Legacy Capital Partners Inc. raised its position in Sherwin-Williams Company (The) by 2.2% during the second quarter. Legacy Capital Partners Inc. now owns 752 shares of the specialty chemicals company’s stock worth $264,000 after acquiring an additional 16 shares in the last quarter. 73.17% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company (NYSE SHW) traded up $0.25 during mid-day trading on Tuesday, hitting $389.71. 303,100 shares of the company traded hands, compared to its average volume of 644,044. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. Sherwin-Williams Company has a fifty-two week low of $260.00 and a fifty-two week high of $398.22. The firm has a market capitalization of $36,419.93, a P/E ratio of 28.06, a PEG ratio of 2.17 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.70 by $0.05. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the company posted $4.23 earnings per share. Sherwin-Williams Company (The)’s revenue was up 37.4% compared to the same quarter last year. equities research analysts anticipate that Sherwin-Williams Company will post 15.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.87%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 29.90%.

Several research firms have issued reports on SHW. Credit Suisse Group raised shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target on the stock in a research report on Sunday, July 23rd. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Northcoast Research reaffirmed a “buy” rating and set a $435.00 price target (up from $375.00) on shares of Sherwin-Williams Company (The) in a research report on Friday, October 6th. Zacks Investment Research lowered shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, J P Morgan Chase & Co began coverage on shares of Sherwin-Williams Company (The) in a research report on Monday, July 24th. They set a “neutral” rating and a $365.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $398.25.

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Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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

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