The Sherwin-Williams Company $SHW Stock: Calamos Advisors LLC Increases Holdings

Calamos Advisors LLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 64.5% during the third quarter, Holdings Channel.com reports. The firm owned 250,645 shares of the specialty chemicals company’s stock after purchasing an additional 98,287 shares during the quarter. Calamos Advisors LLC’s holdings in Sherwin-Williams were worth $81,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Alta Advisers Ltd boosted its position in shares of Sherwin-Williams by 84.7% during the 3rd quarter. Alta Advisers Ltd now owns 1,673 shares of the specialty chemicals company’s stock worth $541,000 after purchasing an additional 767 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Sherwin-Williams by 8.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 58,746 shares of the specialty chemicals company’s stock worth $18,991,000 after purchasing an additional 4,449 shares during the period. Claro Advisors Inc. purchased a new position in shares of Sherwin-Williams in the 3rd quarter valued at about $221,000. Platform Technology Partners increased its holdings in shares of Sherwin-Williams by 3.0% in the 3rd quarter. Platform Technology Partners now owns 1,259 shares of the specialty chemicals company’s stock valued at $407,000 after purchasing an additional 37 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Sherwin-Williams by 17.4% in the third quarter. Commonwealth Equity Services LLC now owns 128,781 shares of the specialty chemicals company’s stock valued at $41,631,000 after purchasing an additional 19,088 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Berenberg Bank upped their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Mizuho set a $396.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Thursday, September 24th. BNP Paribas Exane boosted their price target on Sherwin-Williams from $345.00 to $360.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings lowered Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. Finally, Guggenheim restated a “buy” rating and issued a $375.00 price target (down from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 28th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $377.29.

Insider Activity at Sherwin-Williams

In other news, SVP Mary Garceau sold 3,891 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $350.42, for a total value of $1,363,484.22. Following the completion of the transaction, the senior vice president directly owned 31,466 shares of the company’s stock, valued at $11,026,315.72. The trade was a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James R. Jaye sold 2,301 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $345.56, for a total value of $795,133.56. Following the completion of the sale, the senior vice president owned 6,936 shares in the company, valued at $2,396,804.16. This represents a 24.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,315 shares of company stock valued at $7,848,071 in the last ninety days. 0.23% of the stock is owned by insiders.

Sherwin-Williams Price Performance

NYSE:SHW traded down $4.75 during mid-day trading on Friday, hitting $344.26. 2,094,866 shares of the company’s stock traded hands, compared to its average volume of 1,790,029. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71. The company has a market cap of $83.17 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.93 and a beta of 1.05. The firm’s 50 day simple moving average is $329.67 and its 200 day simple moving average is $333.03. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing the consensus estimate of $3.69 by ($0.06). Sherwin-Williams had a net margin of 10.74% and a return on equity of 69.51%. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.78 billion. During the same quarter in the prior year, the company earned $3.59 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts expect that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s dividend payout ratio is 29.41%.

Sherwin-Williams Profile

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels.

Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.

Sherwin-Williams serves customers in North America and markets around the world.