Sherwin-Williams Co (SHW) Position Increased by Fifth Third Bancorp

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Fifth Third Bancorp boosted its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,105 shares of the specialty chemicals company’s stock after purchasing an additional 5,714 shares during the quarter. Fifth Third Bancorp’s holdings in Sherwin-Williams were worth $45,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC increased its stake in Sherwin-Williams by 12.7% in the 3rd quarter. FMR LLC now owns 3,582,597 shares of the specialty chemicals company’s stock worth $1,630,834,000 after acquiring an additional 402,592 shares during the last quarter. Bank of America Corp DE increased its stake in Sherwin-Williams by 6.0% in the 2nd quarter. Bank of America Corp DE now owns 1,285,163 shares of the specialty chemicals company’s stock worth $523,795,000 after acquiring an additional 72,526 shares during the last quarter. Alliancebernstein L.P. increased its stake in Sherwin-Williams by 24.3% in the 3rd quarter. Alliancebernstein L.P. now owns 1,217,527 shares of the specialty chemicals company’s stock worth $554,230,000 after acquiring an additional 238,321 shares during the last quarter. Morgan Stanley increased its stake in Sherwin-Williams by 6.1% in the 2nd quarter. Morgan Stanley now owns 1,161,177 shares of the specialty chemicals company’s stock worth $473,262,000 after acquiring an additional 67,038 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in Sherwin-Williams by 4.3% in the 3rd quarter. Brown Advisory Inc. now owns 1,006,705 shares of the specialty chemicals company’s stock worth $458,262,000 after acquiring an additional 41,851 shares during the last quarter. 76.27% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on the company. Argus set a $480.00 price objective on Sherwin-Williams and gave the stock a “buy” rating in a research note on Monday, October 29th. Citigroup downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $492.00 to $435.00 in a research note on Wednesday, October 10th. Buckingham Research reduced their price objective on Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Credit Suisse Group set a $500.00 price objective on Sherwin-Williams and gave the stock a “buy” rating in a research note on Monday, October 15th. Ten analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $469.65.

NYSE SHW opened at $389.50 on Friday. The company has a market cap of $37.55 billion, a PE ratio of 27.30, a P/E/G ratio of 1.64 and a beta of 1.38. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.66 and a current ratio of 1.04. Sherwin-Williams Co has a fifty-two week low of $355.28 and a fifty-two week high of $479.64.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by ($0.03). The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.78 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 45.22%. On average, equities analysts expect that Sherwin-Williams Co will post 19.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 16th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 24.11%.

In related news, Director John M. Stropki bought 675 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were purchased at an average price of $375.00 per share, with a total value of $253,125.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.

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Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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

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