Trueblood Wealth Management LLC Has $813,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

Trueblood Wealth Management LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,131 shares of the specialty chemicals company’s stock after selling 75 shares during the period. Trueblood Wealth Management LLC’s holdings in Sherwin-Williams were worth $813,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Massachusetts Wealth Management grew its position in shares of Sherwin-Williams by 2.0% in the 3rd quarter. Massachusetts Wealth Management now owns 3,645 shares of the specialty chemicals company’s stock valued at $1,391,000 after buying an additional 70 shares during the last quarter. Mediolanum International Funds Ltd lifted its stake in shares of Sherwin-Williams by 35.8% in the 3rd quarter. Mediolanum International Funds Ltd now owns 33,626 shares of the specialty chemicals company’s stock valued at $12,848,000 after purchasing an additional 8,856 shares during the period. Lake Street Advisors Group LLC lifted its stake in Sherwin-Williams by 4.9% in the third quarter. Lake Street Advisors Group LLC now owns 5,838 shares of the specialty chemicals company’s stock valued at $2,228,000 after buying an additional 274 shares during the period. Ballentine Partners LLC boosted its stake in Sherwin-Williams by 13.2% during the third quarter. Ballentine Partners LLC now owns 4,521 shares of the specialty chemicals company’s stock worth $1,726,000 after acquiring an additional 526 shares in the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in shares of Sherwin-Williams by 180.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 1,498 shares of the specialty chemicals company’s stock worth $573,000 after purchasing an additional 963 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHW. Morgan Stanley increased their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Barclays boosted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $395.29.

Sherwin-Williams Trading Down 0.7 %

Shares of SHW opened at $359.04 on Friday. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $392.57. The stock has a market cap of $91.03 billion, a PE ratio of 38.28, a P/E/G ratio of 2.87 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The business’s 50-day moving average price is $371.91 and its 200-day moving average price is $334.83.

Sherwin-Williams (NYSE:SHW) last posted its 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 firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company posted $3.20 EPS. The business’s revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that The Sherwin-Williams Company will post 11.31 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is 30.49%.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by company 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.