Donaldson Capital Management LLC Boosts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Donaldson Capital Management LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,053 shares of the specialty chemicals company’s stock after acquiring an additional 41 shares during the period. Donaldson Capital Management LLC’s holdings in Sherwin-Williams were worth $402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. raised its stake in shares of Sherwin-Williams by 11.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 41,854 shares of the specialty chemicals company’s stock worth $15,974,000 after buying an additional 4,441 shares in the last quarter. Fort L.P. purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $306,000. BSW Wealth Partners raised its stake in shares of Sherwin-Williams by 14.4% during the 3rd quarter. BSW Wealth Partners now owns 943 shares of the specialty chemicals company’s stock worth $360,000 after buying an additional 119 shares in the last quarter. Angeles Wealth Management LLC raised its stake in shares of Sherwin-Williams by 1.7% during the 3rd quarter. Angeles Wealth Management LLC now owns 12,131 shares of the specialty chemicals company’s stock worth $4,630,000 after buying an additional 206 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Sherwin-Williams by 8.8% during the 3rd quarter. Van ECK Associates Corp now owns 50,946 shares of the specialty chemicals company’s stock worth $18,479,000 after buying an additional 4,132 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 4.6 %

NYSE:SHW opened at $374.40 on Tuesday. The firm has a market capitalization of $94.29 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.88 and a beta of 1.17. The stock has a 50 day moving average of $372.64 and a 200-day moving average of $337.22. The Sherwin-Williams Company has a 52 week low of $249.49 and a 52 week high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company posted $3.20 earnings per share. Analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current 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 given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

Analysts Set New Price Targets

Several research firms recently weighed in on SHW. The Goldman Sachs Group raised their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Barclays raised their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company raised their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Robert W. Baird raised their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $395.29.

Insider Transactions at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Company 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.