Crew Capital Management Ltd. Lowers Stake in The Sherwin-Williams Company (NYSE:SHW)

Crew Capital Management Ltd. lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,065 shares of the specialty chemicals company’s stock after selling 212 shares during the quarter. Crew Capital Management Ltd.’s holdings in Sherwin-Williams were worth $788,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Suncoast Equity Management lifted its holdings in Sherwin-Williams by 1.3% during the third quarter. Suncoast Equity Management now owns 12,826 shares of the specialty chemicals company’s stock valued at $4,895,000 after purchasing an additional 170 shares in the last quarter. Vest Financial LLC lifted its holdings in shares of Sherwin-Williams by 0.6% in the third quarter. Vest Financial LLC now owns 146,964 shares of the specialty chemicals company’s stock worth $56,092,000 after buying an additional 813 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in shares of Sherwin-Williams by 12.1% in the third quarter. Cyndeo Wealth Partners LLC now owns 10,354 shares of the specialty chemicals company’s stock worth $3,952,000 after buying an additional 1,116 shares in the last quarter. Waypoint Capital Advisors LLC purchased a new position in shares of Sherwin-Williams in the third quarter worth $258,000. Finally, New Perspectives Inc purchased a new position in shares of Sherwin-Williams in the third quarter worth $1,374,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the 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 of the company’s stock, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 1.2 %

NYSE:SHW traded down $4.55 during mid-day trading on Monday, reaching $383.81. The company’s stock had a trading volume of 333,837 shares, compared to its average volume of 1,523,578. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $392.57. The stock has a fifty day moving average of $370.58 and a 200-day moving average of $333.87. The firm has a market capitalization of $97.31 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 3.01 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 0.75%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 30.49%.

Analyst Ratings Changes

Several equities analysts have recently commented on SHW shares. Evercore ISI boosted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. The Goldman Sachs Group boosted their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley boosted their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Finally, Robert W. Baird boosted their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $383.35.

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.