Strategy Asset Managers LLC Sells 51 Shares of The Sherwin-Williams Company (NYSE:SHW)

Strategy Asset Managers LLC decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,061 shares of the specialty chemicals company’s stock after selling 51 shares during the period. Strategy Asset Managers LLC’s holdings in Sherwin-Williams were worth $405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SHW. Valued Wealth Advisors LLC grew its stake in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $29,000. GHP Investment Advisors Inc. grew its stake in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 28 shares in the last quarter. HHM Wealth Advisors LLC increased its holdings in Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 45 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Sherwin-Williams during the third quarter worth $38,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SHW shares. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Royal Bank of Canada decreased their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $396.47.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $371.66 on Thursday. The Sherwin-Williams Company has a 12-month low of $270.95 and a 12-month high of $392.57. The company’s 50 day moving average price is $376.69 and its two-hundred day moving average price is $343.40. The firm has a market cap of $93.60 billion, a PE ratio of 37.02, a PEG ratio of 3.01 and a beta of 1.17. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Company 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.