The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Accent Capital Management LLC

Accent Capital Management LLC reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 70.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 353 shares of the specialty chemicals company’s stock after selling 845 shares during the quarter. Accent Capital Management LLC’s holdings in Sherwin-Williams were worth $135,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SHW. Capital International Investors increased its stake in Sherwin-Williams by 10.5% in the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock valued at $799,595,000 after purchasing an additional 219,149 shares during the period. Legal & General Group Plc increased its position in Sherwin-Williams by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after acquiring an additional 53,487 shares during the period. PineStone Asset Management Inc. raised its stake in Sherwin-Williams by 132.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after acquiring an additional 917,979 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in Sherwin-Williams by 18.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after acquiring an additional 238,031 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in Sherwin-Williams by 54.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after acquiring an additional 496,326 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 18.61 % decrease in their ownership of the stock. 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 company insiders.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent research reports. Evercore ISI boosted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group upped 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. BMO Capital Markets raised their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Robert W. Baird boosted their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Citigroup cut their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Stock Performance

Shares of SHW opened at $378.99 on Friday. The Sherwin-Williams Company has a 12-month low of $264.54 and a 12-month high of $392.57. The stock has a market cap of $95.45 billion, a P/E ratio of 37.75, a PEG ratio of 3.05 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The company has a 50-day moving average of $376.42 and a two-hundred day moving average of $341.99.

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

Sherwin-Williams Dividend Announcement

The business 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is currently 28.49%.

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.