E Fund Management Hong Kong Co. Ltd. Makes New $59,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

E Fund Management Hong Kong Co. Ltd. purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, HoldingsChannel.com reports. The firm purchased 154 shares of the specialty chemicals company’s stock, valued at approximately $59,000.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock valued at $7,509,601,000 after purchasing an additional 184,979 shares during the period. Capital International Investors lifted its stake in shares of Sherwin-Williams by 10.5% in the 1st quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock valued at $799,595,000 after purchasing an additional 219,149 shares during the period. Legal & General Group Plc lifted its stake in shares of Sherwin-Williams by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after purchasing an additional 53,487 shares during the period. PineStone Asset Management Inc. lifted its stake in shares of Sherwin-Williams by 132.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after purchasing an additional 917,979 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Sherwin-Williams by 18.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after purchasing an additional 238,031 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SHW shares. The Goldman Sachs Group increased their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley upped their price objective 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. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $395.29.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $361.99 on Thursday. The stock has a market capitalization of $91.78 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 2.89 and a beta of 1.17. The business has a 50-day moving average of $372.35 and a 200-day moving average of $335.91. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The Sherwin-Williams Company has a fifty-two week low of $235.84 and a fifty-two week high of $392.57.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion during 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%. Sherwin-Williams’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.20 EPS. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business 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. This represents a $2.86 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 30.49%.

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.