Candriam S.C.A. Boosts Position in The Sherwin-Williams Company (NYSE:SHW)

Candriam S.C.A. raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 62.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,490 shares of the specialty chemicals company’s stock after purchasing an additional 43,629 shares during the period. Candriam S.C.A.’s holdings in Sherwin-Williams were worth $33,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Norges Bank purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $1,176,356,000. Capital World Investors lifted its stake in Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in shares of Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after acquiring an additional 917,979 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Sherwin-Williams by 610.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after acquiring an additional 898,143 shares during the last quarter. Finally, Jensen Investment Management Inc. acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at $169,770,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Price Performance

SHW stock opened at $360.83 on Friday. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $371.19. The company has a market cap of $91.02 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 2.90 and a beta of 1.17. The firm has a 50 day moving average of $339.22 and a 200-day moving average of $324.88. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the business earned $3.29 earnings per share. The business’s revenue was up .5% on a year-over-year basis. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SHW shares. Royal Bank of Canada reiterated an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a research note on Friday, August 30th. Barclays raised their price target on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Wells Fargo & Company upped their price objective on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. KeyCorp lifted their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley upped their price target on Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.