Today, 1,230 Shares of Sherwin-Williams Co. (SHW) are sold by Commerce Bank

Today, 1,230 Shares of Sherwin-Williams Co. (SHW) are sold by Commerce Bank

Commerce Bank decreased its stake in shares of Sherwin-Williams Co. (NYSE:SHW) by 18.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,575 shares of the company’s stock after selling 1,230 shares during the period. Commerce Bank’s holdings in Sherwin-Williams were worth $1,542,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SHW. Penobscot Investment Management Company Inc. increased its stake in Sherwin-Williams by 1.9% in the third quarter. Penobscot Investment Management Company Inc. now owns 12,629 shares of the company’s stock valued at $3,494,000 after buying an additional 230 shares in the last quarter. Toronto Dominion Bank increased its stake in Sherwin-Williams by 440.4% in the third quarter. Toronto Dominion Bank now owns 2,329 shares of the company’s stock valued at $645,000 after buying an additional 1,898 shares in the last quarter. Hosking Partners LLP increased its stake in Sherwin-Williams by 14.0% in the third quarter. Hosking Partners LLP now owns 86,166 shares of the company’s stock valued at $23,839,000 after buying an additional 10,597 shares in the last quarter. KBC Group NV increased its stake in Sherwin-Williams by 23.8% in the third quarter. KBC Group NV now owns 28,023 shares of the company’s stock valued at $7,753,000 after buying an additional 5,392 shares in the last quarter. Finally, Tdam USA Inc. increased its stake in Sherwin-Williams by 0.4% in the third quarter. Tdam USA Inc. now owns 5,399 shares of the company’s stock valued at $1,494,000 after buying an additional 23 shares in the last quarter. 72.93% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Co. (NYSE:SHW) traded down 0.35% during trading on Monday, hitting $274.02. 1,026,084 shares of the stock were exchanged. The firm has a market cap of $25.21 billion, a PE ratio of 22.86 and a beta of 0.98. The stock’s 50-day moving average price is $261.26 and its 200-day moving average price is $282.71. Sherwin-Williams Co. has a 12-month low of $234.96 and a 12-month high of $312.48.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 25th. The company reported $4.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.32 by $0.09. Sherwin-Williams had a return on equity of 97.87% and a net margin of 9.50%. The firm earned $3.28 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the business earned $3.97 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts expect that Sherwin-Williams Co. will post $12.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.22%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.57%.

Several research firms have commented on SHW. Vetr raised Sherwin-Williams from a “buy” rating to a “strong-buy” rating and set a $292.87 price objective for the company in a research note on Monday, November 21st. Evercore ISI raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday, November 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Argus raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Monday, October 10th. Finally, Wells Fargo & Co. began coverage on Sherwin-Williams in a research note on Wednesday, September 28th. They set a “market perform” rating for the company. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams presently has a consensus rating of “Buy” and an average price target of $322.56.

In other news, Director John M. Stropki acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The shares were acquired at an average price of $247.30 per share, with a total value of $123,650.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.89% of the stock is currently owned by corporate insiders.

Sherwin-Williams Company Profile

The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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