Whittier Trust Co. of Nevada Inc. Trims Position in The Sherwin-Williams Company (NYSE:SHW)

Whittier Trust Co. of Nevada Inc. trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,380 shares of the specialty chemicals company’s stock after selling 107 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Sherwin-Williams were worth $5,870,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. HHM Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 102.3% in 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 in the last quarter. Semmax Financial Advisors Inc. lifted its holdings in shares of Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares during the last quarter. VitalStone Financial LLC grew its position in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Anfield Capital Management LLC purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $38,000. Finally, Meeder Asset Management Inc. bought a new position in Sherwin-Williams during the second quarter valued at $41,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Down 1.4 %

NYSE:SHW traded down $5.30 during midday trading on Monday, reaching $383.06. 790,141 shares of the stock traded hands, compared to its average volume of 1,525,826. The stock has a market capitalization of $97.12 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 3.01 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $392.57. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The business has a 50-day moving average of $370.58 and a two-hundred day moving average of $333.87.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter last year, the firm earned $3.29 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that The Sherwin-Williams Company will post 11.5 earnings per share 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. Stockholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SHW shares. Morgan Stanley upped their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday. Barclays upped their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Jefferies Financial Group lifted their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $418.00 price target on shares of Sherwin-Williams in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.35.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by insiders.

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.