The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 19.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 736 shares of the specialty chemicals company’s stock after selling 175 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Sherwin-Williams were worth $281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. TD Asset Management Inc raised its position in Sherwin-Williams by 124.4% during the first quarter. TD Asset Management Inc now owns 213,730 shares of the specialty chemicals company’s stock worth $74,235,000 after acquiring an additional 118,503 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $254,000. M&G Plc acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $8,368,000. Mizuho Markets Americas LLC lifted its stake in Sherwin-Williams by 73.0% in the 1st quarter. Mizuho Markets Americas LLC now owns 33,292 shares of the specialty chemicals company’s stock valued at $11,563,000 after buying an additional 14,052 shares in the last quarter. Finally, First Foundation Advisors lifted its stake in Sherwin-Williams by 15.5% in the 1st quarter. First Foundation Advisors now owns 2,816 shares of the specialty chemicals company’s stock valued at $978,000 after buying an additional 378 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $387.29 on Thursday. The company has a market cap of $97.54 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 3.09 and a beta of 1.17. The Sherwin-Williams Company has a 12 month low of $258.52 and a 12 month high of $392.57. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The stock’s 50-day moving average is $375.49 and its 200-day moving average is $340.86.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the business posted $3.20 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company raised their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group boosted their price objective on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Profile

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.