Atlantic Union Bankshares Corp Sells 49 Shares of The Sherwin-Williams Company (NYSE:SHW)

Atlantic Union Bankshares Corp cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 713 shares of the specialty chemicals company’s stock after selling 49 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Sherwin-Williams were worth $272,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SHW. Cetera Investment Advisers grew its holdings in shares of Sherwin-Williams by 449.5% during the first quarter. Cetera Investment Advisers now owns 56,691 shares of the specialty chemicals company’s stock valued at $19,690,000 after buying an additional 46,375 shares during the last quarter. Cetera Advisors LLC lifted its position in Sherwin-Williams by 34.4% during the first quarter. Cetera Advisors LLC now owns 22,454 shares of the specialty chemicals company’s stock valued at $7,799,000 after purchasing an additional 5,743 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Sherwin-Williams by 18.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 134,499 shares of the specialty chemicals company’s stock worth $46,404,000 after purchasing an additional 21,055 shares during the last quarter. Transcend Capital Advisors LLC grew its position in Sherwin-Williams by 24.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after purchasing an additional 1,514 shares during the period. Finally, Park Place Capital Corp raised its stake in Sherwin-Williams by 12.4% during the 2nd quarter. Park Place Capital Corp now owns 2,354 shares of the specialty chemicals company’s stock valued at $703,000 after buying an additional 259 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on SHW. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Morgan Stanley boosted their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada lowered their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. One 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $396.47.

Sherwin-Williams Stock Up 1.0 %

Shares of SHW stock opened at $397.83 on Friday. The Sherwin-Williams Company has a twelve month low of $272.34 and a twelve month high of $400.42. The stock has a market cap of $100.19 billion, a P/E ratio of 39.62, a P/E/G ratio of 3.17 and a beta of 1.17. The stock has a 50 day moving average of $378.94 and a 200 day moving average of $346.87. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the company posted $3.20 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

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.