Traders Purchase High Volume of Call Options on Sherwin-Williams Company (The) (SHW)

Sherwin-Williams Company (The) (NYSE:SHW) was the target of unusually large options trading on Thursday. Investors acquired 1,636 call options on the company. This represents an increase of Infinity compared to the typical daily volume of 0 call options.

SHW has been the topic of a number of research analyst reports. Robert W. Baird restated a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, September 29th. Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a research note on Wednesday, September 20th. Royal Bank Of Canada restated a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, September 20th. KeyCorp restated a “buy” rating and issued a $415.00 target price on shares of Sherwin-Williams Company (The) in a research note on Sunday, September 3rd. Finally, Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price on the stock in a research note on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $398.25.

Sherwin-Williams Company (NYSE:SHW) opened at $386.98 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. Sherwin-Williams Company has a 1 year low of $260.00 and a 1 year high of $398.22. The stock has a market capitalization of $36,290.00, a P/E ratio of 28.03, a P/E/G ratio of 2.17 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.05. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period last year, the company earned $4.23 EPS. Sherwin-Williams Company (The)’s revenue for the quarter was up 37.4% compared to the same quarter last year. analysts predict that Sherwin-Williams Company will post 15.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.88%. Sherwin-Williams Company (The)’s payout ratio is 28.81%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHW. Bank of Montreal Can lifted its holdings in Sherwin-Williams Company (The) by 23.3% in the 2nd quarter. Bank of Montreal Can now owns 41,694 shares of the specialty chemicals company’s stock worth $14,634,000 after buying an additional 7,886 shares during the period. NN Investment Partners Holdings N.V. lifted its holdings in Sherwin-Williams Company (The) by 252.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,760 shares of the specialty chemicals company’s stock worth $618,000 after buying an additional 1,261 shares during the period. Webster Bank N. A. lifted its holdings in Sherwin-Williams Company (The) by 9.8% in the 2nd quarter. Webster Bank N. A. now owns 3,120 shares of the specialty chemicals company’s stock worth $1,095,000 after buying an additional 278 shares during the period. Trust Co. of Vermont lifted its holdings in Sherwin-Williams Company (The) by 2.0% in the 2nd quarter. Trust Co. of Vermont now owns 882 shares of the specialty chemicals company’s stock worth $310,000 after buying an additional 17 shares during the period. Finally, National Pension Service lifted its holdings in Sherwin-Williams Company (The) by 10.2% in the 2nd quarter. National Pension Service now owns 72,201 shares of the specialty chemicals company’s stock worth $25,461,000 after buying an additional 6,711 shares during the period. Institutional investors and hedge funds own 73.17% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/11/19/traders-purchase-high-volume-of-call-options-on-sherwin-williams-company-the-shw.html.

Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Receive News & Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply