Bank of Montreal Can Buys 211,831 Shares of The Sherwin-Williams Company (NYSE:SHW)

Bank of Montreal Can boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 71.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 508,723 shares of the specialty chemicals company’s stock after buying an additional 211,831 shares during the period. Bank of Montreal Can owned approximately 0.20% of Sherwin-Williams worth $151,269,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SHW. Conning Inc. boosted its stake in shares of Sherwin-Williams by 1.9% in the second quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock worth $479,000 after acquiring an additional 30 shares during the last quarter. Oxbow Advisors LLC boosted its position in Sherwin-Williams by 4.5% during the second quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after acquiring an additional 30 shares during the last quarter. Global X Japan Co. Ltd. grew its stake in Sherwin-Williams by 2.2% during the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock valued at $419,000 after acquiring an additional 30 shares in the last quarter. Optas LLC raised its holdings in Sherwin-Williams by 1.3% in the 2nd quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after acquiring an additional 32 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Sherwin-Williams by 2.9% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 33 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on SHW. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. KeyCorp raised their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Barclays boosted their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Robert W. Baird boosted their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Stock Up 0.9 %

SHW stock opened at $381.85 on Tuesday. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $382.83. The company’s 50 day moving average price is $355.09 and its 200 day moving average price is $328.48. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The firm has a market capitalization of $96.82 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.98 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the business earned $3.29 EPS. Sherwin-Williams’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.75%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

About Sherwin-Williams

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.