Empower Advisory Group LLC Has $119.33 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Empower Advisory Group LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,658 shares of the specialty chemicals company’s stock after purchasing an additional 8,329 shares during the quarter. Empower Advisory Group LLC’s holdings in Sherwin-Williams were worth $119,332,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SHW. PineStone Asset Management Inc. increased its position in shares of Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after acquiring an additional 917,979 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Sherwin-Williams by 610.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after buying an additional 898,143 shares during the last quarter. International Assets Investment Management LLC increased its position in Sherwin-Williams by 40,317.4% during the third quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock worth $277,361,000 after buying an additional 724,907 shares during the last quarter. Jensen Investment Management Inc. acquired a new position in Sherwin-Williams during the second quarter worth approximately $169,770,000. Finally, 1832 Asset Management L.P. increased its position in Sherwin-Williams by 54.0% during the second quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after buying an additional 496,326 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays boosted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $396.47.

Sherwin-Williams Stock Down 1.4 %

Shares of SHW opened at $383.67 on Wednesday. The Sherwin-Williams Company has a one year low of $252.75 and a one year high of $392.57. The company has a market cap of $96.63 billion, a P/E ratio of 38.21, a P/E/G ratio of 3.14 and a beta of 1.17. 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 firm has a 50 day simple moving average of $374.60 and a two-hundred day simple moving average of $339.99.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the firm earned $3.20 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

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.