Maple Capital Management Inc. Has $919,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

Maple Capital Management Inc. cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,408 shares of the specialty chemicals company’s stock after selling 141 shares during the quarter. Maple Capital Management Inc.’s holdings in Sherwin-Williams were worth $919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $52,000. Everence Capital Management Inc. purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $573,000. Toth Financial Advisory Corp raised its stake in shares of Sherwin-Williams by 0.4% during the 3rd quarter. Toth Financial Advisory Corp now owns 29,095 shares of the specialty chemicals company’s stock worth $11,105,000 after purchasing an additional 109 shares in the last quarter. Suncoast Equity Management raised its stake in shares of Sherwin-Williams by 1.3% during the 3rd quarter. Suncoast Equity Management now owns 12,826 shares of the specialty chemicals company’s stock worth $4,895,000 after purchasing an additional 170 shares in the last quarter. Finally, Vest Financial LLC raised its stake in shares of Sherwin-Williams by 0.6% during the 3rd quarter. Vest Financial LLC now owns 146,964 shares of the specialty chemicals company’s stock worth $56,092,000 after purchasing an additional 813 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $360.00 on Tuesday. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $392.57. The firm has a market capitalization of $90.81 billion, a PE ratio of 38.91, a PEG ratio of 3.04 and a beta of 1.17. The business’s 50 day moving average is $371.35 and its 200-day moving average is $334.24. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.29 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 11.49 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is 29.15%.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHW. Royal Bank of Canada reaffirmed an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a research note on Friday, August 30th. Wells Fargo & Company raised their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. 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 note on Monday, August 26th. Finally, KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $383.35.

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.