Aquatic Capital Management LLC Acquires Shares of 36,023 The Sherwin-Williams Company $SHW

Aquatic Capital Management LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 36,023 shares of the specialty chemicals company’s stock, valued at approximately $12,473,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Sherwin-Williams by 1.4% in the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock worth $7,838,532,000 after purchasing an additional 309,153 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Sherwin-Williams by 9.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock valued at $1,334,918,000 after purchasing an additional 351,453 shares in the last quarter. Norges Bank purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth $1,296,565,000. Capital Research Global Investors lifted its holdings in shares of Sherwin-Williams by 0.3% in the 3rd quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock worth $1,188,698,000 after buying an additional 11,560 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Sherwin-Williams by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock worth $1,056,811,000 after buying an additional 12,715 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.6%

Shares of NYSE SHW opened at $319.62 on Monday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The business has a fifty day moving average price of $352.08 and a 200 day moving average price of $344.21. The stock has a market capitalization of $79.06 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a dividend of $0.80 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.16%.

Analysts Set New Price Targets

SHW has been the topic of several research reports. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Mizuho increased their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Friday, January 30th. Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target for the company. in a research report on Thursday, January 22nd. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $388.21.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.