Richard W. Paul & Associates LLC Has $842,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Richard W. Paul & Associates LLC cut its position in The Sherwin-Williams Company (NYSE:SHW) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,205 shares of the specialty chemicals company’s stock after selling 95 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Sherwin-Williams were worth $842,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. OmniStar Financial Group Inc. acquired a new position in shares of Sherwin-Williams during the third quarter worth $853,000. Aaron Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 35.4% in the third quarter. Aaron Wealth Advisors LLC now owns 1,567 shares of the specialty chemicals company’s stock valued at $598,000 after acquiring an additional 410 shares during the last quarter. Claro Advisors LLC raised its holdings in Sherwin-Williams by 219.4% during the 3rd quarter. Claro Advisors LLC now owns 9,442 shares of the specialty chemicals company’s stock worth $3,604,000 after purchasing an additional 6,486 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Sherwin-Williams by 69.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,184 shares of the specialty chemicals company’s stock valued at $452,000 after purchasing an additional 485 shares during the last quarter. Finally, RFG Advisory LLC increased its position in shares of Sherwin-Williams by 0.4% during the third quarter. RFG Advisory LLC now owns 20,106 shares of the specialty chemicals company’s stock worth $7,674,000 after buying an additional 81 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SHW has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a report on Friday, August 30th. Morgan Stanley raised their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their target price on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Evercore ISI increased their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $383.35.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $388.36 on Friday. The firm has a market cap of $97.97 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 3.01 and a beta of 1.17. The stock has a fifty day simple moving average of $370.58 and a two-hundred day simple moving average of $333.88. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $392.57.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $3.29 EPS. Analysts anticipate that The Sherwin-Williams Company will post 11.5 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams’s dividend payout ratio is currently 29.15%.

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.