Capstone Triton Financial Group LLC Sells 84 Shares of The Sherwin-Williams Company (NYSE:SHW)

Capstone Triton Financial Group LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,658 shares of the specialty chemicals company’s stock after selling 84 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in Sherwin-Williams were worth $1,396,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new position in shares of Sherwin-Williams during the 1st quarter valued at about $231,000. State of Alaska Department of Revenue grew its holdings in Sherwin-Williams by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 25,549 shares of the specialty chemicals company’s stock valued at $8,873,000 after buying an additional 115 shares in the last quarter. Norden Group LLC bought a new stake in Sherwin-Williams in the 1st quarter worth approximately $5,015,000. Massachusetts Wealth Management raised its holdings in shares of Sherwin-Williams by 2.9% during the 1st quarter. Massachusetts Wealth Management now owns 3,575 shares of the specialty chemicals company’s stock worth $1,242,000 after acquiring an additional 100 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in shares of Sherwin-Williams by 3.6% during the 1st quarter. First Trust Direct Indexing L.P. now owns 6,525 shares of the specialty chemicals company’s stock valued at $2,266,000 after acquiring an additional 225 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Trading Up 0.6 %

Sherwin-Williams stock traded up $2.13 during trading hours on Wednesday, hitting $363.75. The company had a trading volume of 230,404 shares, compared to its average volume of 1,531,699. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a market cap of $92.23 billion, a P/E ratio of 38.55, a P/E/G ratio of 2.89 and a beta of 1.17. The company has a 50-day moving average price of $372.27 and a two-hundred day moving average price of $335.73. The Sherwin-Williams Company has a 1 year low of $235.84 and a 1 year high of $392.57.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.20 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current 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 $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Upgrades and Downgrades

SHW has been the topic of several research reports. Citigroup reduced their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. BMO Capital Markets increased their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group boosted their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Evercore ISI lowered their price objective on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $395.29.

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.