Traders Buy High Volume of Sherwin-Williams Company (The) Call Options (SHW)

Sherwin-Williams Company (The) (NYSE:SHW) was the recipient of some unusual options trading on Thursday. Investors bought 1,636 call options on the stock. This represents an increase of approximately Infinity compared to the typical daily volume of 0 call options.

Several brokerages have recently commented on SHW. UBS AG restated a “neutral” rating and set a $375.00 price target (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 26th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target on the stock in a research note on Sunday, July 23rd. Citigroup Inc. lifted their target price on Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a research note on Wednesday, September 20th. Finally, Jefferies Group LLC lifted their target price on Sherwin-Williams Company (The) from $364.00 to $400.00 and gave the company a “hold” rating in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $398.25.

Several institutional investors have recently added to or reduced their stakes in SHW. Janus Henderson Group PLC lifted its holdings in shares of Sherwin-Williams Company (The) by 10,157.5% during the second quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock worth $366,368,000 after purchasing an additional 1,033,725 shares during the period. FMR LLC lifted its holdings in Sherwin-Williams Company (The) by 18.1% in the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after acquiring an additional 621,190 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Sherwin-Williams Company (The) by 222.9% in the second quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock valued at $171,109,000 after acquiring an additional 336,540 shares during the period. Vanguard Group Inc. lifted its holdings in Sherwin-Williams Company (The) by 5.0% in the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after acquiring an additional 315,903 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Sherwin-Williams Company (The) by 30.6% in the third quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares during the period. 73.17% of the stock is owned by hedge funds and other institutional investors.

Shares of Sherwin-Williams Company (NYSE:SHW) opened at $386.98 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. Sherwin-Williams Company has a twelve month low of $260.00 and a twelve month high of $398.22. The company has a market capitalization of $36,290.00, a PE ratio of 28.03, a P/E/G ratio of 2.17 and a beta of 1.22.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 28.81%.

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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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