Insight Capital Research & Management Inc. purchased a new stake in Sherwin-Williams Co (NYSE:SHW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,371 shares of the specialty chemicals company’s stock, valued at approximately $2,997,000. Sherwin-Williams makes up approximately 1.7% of Insight Capital Research & Management Inc.’s investment portfolio, making the stock its 14th largest holding.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Sherwin-Williams 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 purchasing an additional 315,903 shares in the last quarter. BlackRock Inc. raised its holdings in Sherwin-Williams by 3.9% during the second quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after acquiring an additional 204,766 shares in the last quarter. FMR LLC raised its holdings in Sherwin-Williams by 18.1% during the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after acquiring an additional 621,190 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Sherwin-Williams by 27.6% during the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after acquiring an additional 288,492 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in Sherwin-Williams by 11.3% during the second quarter. Fiera Capital Corp now owns 1,282,221 shares of the specialty chemicals company’s stock worth $450,009,000 after acquiring an additional 130,002 shares in the last quarter. Institutional investors own 75.98% of the company’s stock.
In other Sherwin-Williams news, SVP Robert J. Wells sold 2,946 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the transaction, the senior vice president now owns 18,363 shares of the company’s stock, valued at $7,512,486.93. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the transaction, the insider now directly owns 3,302 shares in the company, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,122 shares of company stock worth $5,969,846. Company insiders own 1.69% of the company’s stock.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The business’s revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.23 earnings per share. equities analysts forecast that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.90%.
Several analysts recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, September 20th. Robert W. Baird reiterated a “buy” rating and set a $375.00 target price on shares of Sherwin-Williams in a report on Friday, September 29th. Zacks Investment Research lowered Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub upgraded Sherwin-Williams from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Northcoast Research reiterated a “buy” rating and set a $435.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $402.32.
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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