QUANTRES ASSET MANAGEMENT Ltd Purchases Shares of 900 Sherwin-Williams Co (SHW)

QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Sherwin-Williams Co (NYSE:SHW) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 900 shares of the specialty chemicals company’s stock, valued at approximately $410,000.

Other hedge funds have also modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $112,000. Fort L.P. purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $124,000. Valeo Financial Advisors LLC grew its stake in shares of Sherwin-Williams by 168.6% during the second 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 last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Sherwin-Williams by 10,109.0% during the second quarter. Moneta Group Investment Advisors LLC now owns 28,279 shares of the specialty chemicals company’s stock worth $161,000 after acquiring an additional 28,002 shares during the last quarter. Finally, BTIM Corp. purchased a new stake in Sherwin-Williams in the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 78.20% of the company’s stock.

Sherwin-Williams stock opened at $384.80 on Wednesday. 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 Co has a 12 month low of $355.28 and a 12 month high of $479.64. The company has a market capitalization of $34.68 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 1.50 and a beta of 1.24.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be given a $0.86 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.44 annualized dividend and a yield of 0.89%. Sherwin-Williams’s dividend payout ratio is presently 24.11%.

A number of equities research analysts recently commented on SHW shares. Gabelli started coverage on Sherwin-Williams in a research report on Friday, September 21st. They issued a “buy” rating and a $553.00 target price on the stock. Seaport Global Securities lowered Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, September 17th. They noted that the move was a valuation call. ValuEngine lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 target price on the stock in a research report on Tuesday, October 16th. Finally, Citigroup lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their target price for the company from $492.00 to $435.00 in a research report on Wednesday, October 10th. Ten equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $467.40.

In other news, SVP Thomas P. Gilligan sold 5,080 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $458.04, for a total transaction of $2,326,843.20. Following the completion of the transaction, the senior vice president now directly owns 7,043 shares of the company’s stock, valued at approximately $3,225,975.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jane M. Cronin sold 858 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $443.16, for a total value of $380,231.28. Following the transaction, the senior vice president now directly owns 3,257 shares of the company’s stock, valued at $1,443,372.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,462 shares of company stock worth $2,941,402. Insiders own 0.78% of the company’s stock.

About Sherwin-Williams

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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