Prospera Financial Services Inc Sells 369 Shares of The Sherwin-Williams Company (NYSE:SHW)

Prospera Financial Services Inc cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,527 shares of the specialty chemicals company’s stock after selling 369 shares during the quarter. Prospera Financial Services Inc’s holdings in Sherwin-Williams were worth $5,545,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SHW. Nations Financial Group Inc. IA ADV grew its stake in shares of Sherwin-Williams by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after purchasing an additional 209 shares during the period. Tamar Securities LLC increased its stake in shares of Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after acquiring an additional 1,604 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Sherwin-Williams by 7.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after acquiring an additional 193 shares during the period. Transcend Capital Advisors LLC boosted its stake in Sherwin-Williams by 24.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after acquiring an additional 1,514 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Sherwin-Williams by 4.3% during the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after purchasing an additional 4,074 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $373.49 on Wednesday. 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 firm has a 50-day moving average of $376.69 and a 200-day moving average of $343.20. The company has a market cap of $94.06 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 3.05 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $269.28 and a one year high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (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 the consensus estimate of $6.20 billion. During the same quarter in the prior year, the company earned $3.20 EPS. Sherwin-Williams’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts forecast 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 issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.77%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SHW. Robert W. Baird increased their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. BMO Capital Markets lifted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Evercore ISI raised their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Insider Activity

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 18.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

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.