Versant Capital Management Inc Raises Stake in The Sherwin-Williams Company (NYSE:SHW)

Versant Capital Management Inc lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 10.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,138 shares of the specialty chemicals company’s stock after buying an additional 110 shares during the quarter. Versant Capital Management Inc’s holdings in Sherwin-Williams were worth $387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valued Wealth Advisors LLC raised its stake in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the period. HHM Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares during the period. First Personal Financial Services acquired a new position in Sherwin-Williams in the third quarter valued at approximately $29,000. Semmax Financial Advisors Inc. grew its position in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in Sherwin-Williams during the third quarter worth $32,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SHW shares. Barclays upped their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Robert W. Baird boosted their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Finally, Morgan Stanley boosted their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $397.63.

Read Our Latest Stock Analysis on Sherwin-Williams

Sherwin-Williams Stock Down 2.0 %

Shares of Sherwin-Williams stock opened at $333.16 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a market capitalization of $83.91 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.94 and a beta of 1.19. The company has a 50 day moving average of $370.31 and a 200 day moving average of $356.23.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (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 for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm posted $3.20 earnings per share. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a $0.715 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.86%. Sherwin-Williams’s payout ratio is currently 28.49%.

Insider Transactions at Sherwin-Williams

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

Sherwin-Williams Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWFree Report).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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