iSAM Funds UK Ltd Invests $1.33 Million in The Sherwin-Williams Company (NYSE:SHW)

iSAM Funds UK Ltd bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, Holdings Channel.com reports. The fund bought 3,494 shares of the specialty chemicals company’s stock, valued at approximately $1,334,000. Sherwin-Williams accounts for approximately 0.8% of iSAM Funds UK Ltd’s portfolio, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV increased its position in shares of Sherwin-Williams by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after purchasing an additional 209 shares in the last quarter. Tamar Securities LLC increased its position in shares of Sherwin-Williams by 3.4% during the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock worth $18,608,000 after purchasing an additional 1,604 shares in the last quarter. Swedbank AB increased its position in shares of Sherwin-Williams by 4.2% during the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock worth $44,676,000 after purchasing an additional 4,681 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of 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 purchasing an additional 4,074 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC increased its position in shares of 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 purchasing an additional 12,862 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $384.89 on Friday. The business’s 50 day simple moving average is $379.74 and its 200-day simple moving average is $349.03. The firm has a market capitalization of $96.93 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 3.16 and a beta of 1.19. 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 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly 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 firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams’s revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $3.20 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SHW. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Citigroup dropped their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird boosted their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Evercore ISI boosted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

About Sherwin-Williams

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.