Vinland Capital Management Gestora de Recursos LTDA. Makes New $952,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,495 shares of the specialty chemicals company’s stock, valued at approximately $952,000. Sherwin-Williams comprises about 2.2% of Vinland Capital Management Gestora de Recursos LTDA.’s holdings, making the stock its 5th biggest holding.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHW. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Robert W. Baird boosted their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Wells Fargo & Company boosted 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. Finally, Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $395.29.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Up 0.1 %

SHW stock opened at $361.89 on Thursday. The company’s 50 day moving average price is $372.35 and its 200 day moving average price is $335.91. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a fifty-two week low of $235.84 and a fifty-two week high of $392.57. The firm has a market capitalization of $91.76 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 2.89 and a beta of 1.17.

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 company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.20 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.79%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.