B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,405 shares of the specialty chemicals company’s stock, valued at approximately $22,291,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its holdings in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 45 shares during the last quarter. First Personal Financial Services bought a new stake in Sherwin-Williams during the 3rd quarter worth about $29,000. Semmax Financial Advisors Inc. grew its holdings in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares during the last quarter. Finally, VitalStone Financial LLC boosted its stake in shares of Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $375.36 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12-month low of $269.28 and a 12-month high of $392.57. The company has a market capitalization of $94.53 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 3.05 and a beta of 1.17. The firm’s 50 day moving average is $376.65 and its 200-day moving average is $342.76.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the business earned $3.20 earnings per share. Sherwin-Williams’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Insider Activity

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SHW has been the topic of several recent research reports. Citigroup reduced their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Robert W. Baird raised their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

About Sherwin-Williams

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.