United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases 24,794 Shares of The Sherwin-Williams Company (NYSE:SHW)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 61.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,039 shares of the specialty chemicals company’s stock after buying an additional 24,794 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Sherwin-Williams were worth $24,823,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SHW. Tamar Securities LLC boosted its position in Sherwin-Williams by 3.4% during the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after purchasing an additional 1,604 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Sherwin-Williams by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after buying an additional 193 shares during the last quarter. Transcend Capital Advisors LLC grew its stake in shares of Sherwin-Williams by 24.1% in the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after buying an additional 1,514 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Sherwin-Williams by 4.3% during the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock worth $37,449,000 after buying an additional 4,074 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC raised its position in Sherwin-Williams by 584.6% during the third quarter. Sustainable Insight Capital Management LLC now owns 15,062 shares of the specialty chemicals company’s stock worth $5,749,000 after acquiring an additional 12,862 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.9 %

Shares of NYSE SHW opened at $387.29 on Thursday. The stock has a market capitalization of $97.54 billion, a P/E ratio of 38.57, a PEG ratio of 3.09 and a beta of 1.17. The stock’s fifty day moving average is $375.00 and its 200 day moving average is $340.53. The Sherwin-Williams Company has a 52 week low of $258.52 and a 52 week high of $392.57. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW) last released 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). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business earned $3.20 earnings per share. Sherwin-Williams’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is presently 28.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SHW shares. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Morgan Stanley raised their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Barclays raised their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets increased their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Insider Activity 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. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams 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.