Dupont Capital Management Corp Invests $8.37 Million in The Sherwin-Williams Company (NYSE:SHW)

Dupont Capital Management Corp acquired a new position in 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 (SEC). The fund acquired 21,936 shares of the specialty chemicals company’s stock, valued at approximately $8,372,000.

A number of other institutional investors have also made changes to their positions in the business. HHM Wealth Advisors LLC raised its position in Sherwin-Williams by 102.3% during the second 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 in the last quarter. Semmax Financial Advisors Inc. raised its position in Sherwin-Williams by 136.4% during the second 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 in the last quarter. VitalStone Financial LLC raised its position in Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Anfield Capital Management LLC bought a new stake in Sherwin-Williams during the second quarter worth $38,000. Finally, Meeder Asset Management Inc. bought a new stake in Sherwin-Williams during the second quarter worth $41,000. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of several analyst reports. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Barclays upped their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Robert W. Baird upped their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $385.41.

Insider Transactions at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 5.4 %

SHW opened at $361.27 on Wednesday. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $392.57. The company has a 50-day simple moving average of $371.59 and a 200 day simple moving average of $334.45. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $91.13 billion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 3.04 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.29 earnings per share. Analysts predict that The Sherwin-Williams Company will post 11.49 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced 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 is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.79%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.15%.

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.