Aureus Asset Management LLC Raises Stake in Sherwin-Williams Co (SHW)

Aureus Asset Management LLC lifted its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,790 shares of the specialty chemicals company’s stock after acquiring an additional 550 shares during the quarter. Sherwin-Williams makes up 2.6% of Aureus Asset Management LLC’s holdings, making the stock its 9th biggest holding. Aureus Asset Management LLC’s holdings in Sherwin-Williams were worth $16,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. Janus Henderson Group PLC grew its stake in Sherwin-Williams by 10,157.5% in the second quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock valued at $366,368,000 after acquiring an additional 1,033,725 shares during the period. FMR LLC grew its stake in Sherwin-Williams by 18.1% in the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after acquiring an additional 621,190 shares during the period. Parametric Portfolio Associates LLC grew its stake in Sherwin-Williams by 222.9% in the second quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock valued at $171,109,000 after acquiring an additional 336,540 shares during the period. Vanguard Group Inc. grew its stake in 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 acquiring an additional 315,903 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Sherwin-Williams by 30.6% in the third quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares during the period. 75.99% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on SHW. Northcoast Research reissued a “buy” rating and issued a $435.00 price objective (up previously from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th. Moffett Nathanson began coverage on Sherwin-Williams in a research note on Monday. They issued a “buy” rating for the company. Zacks Investment Research cut Sherwin-Williams from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Vertical Research restated a “hold” rating and issued a $375.00 target price (up previously from $335.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Finally, Jefferies Group raised their target price on Sherwin-Williams from $364.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Sherwin-Williams currently has a consensus rating of “Hold” and an average price target of $402.32.

In related news, insider Joel D. Baxter sold 2,376 shares of Sherwin-Williams stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the sale, the insider now directly owns 3,302 shares in the company, valued at $1,285,336.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Davisson sold 8,800 shares of Sherwin-Williams stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the sale, the insider now owns 14,812 shares in the company, valued at $5,777,716.84. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.

Sherwin-Williams Co (SHW) traded up $11.86 during mid-day trading on Tuesday, hitting $406.93. The stock had a trading volume of 894,100 shares, compared to its average volume of 632,390. Sherwin-Williams Co has a 52 week low of $263.06 and a 52 week high of $410.66. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $36,944.54, a price-to-earnings ratio of 28.46, a PEG ratio of 2.20 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. Sherwin-Williams’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period last year, the company posted $4.23 earnings per share. research analysts expect that Sherwin-Williams Co will post 15.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a yield of 0.84%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.90%.

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Sherwin-Williams Company Profile

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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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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