Eads & Heald Wealth Management Sells 654 Shares of The Sherwin-Williams Company (NYSE:SHW)

Eads & Heald Wealth Management trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 6,637 shares of the specialty chemicals company’s stock after selling 654 shares during the quarter. Sherwin-Williams comprises about 1.2% of Eads & Heald Wealth Management’s portfolio, making the stock its 23rd biggest holding. Eads & Heald Wealth Management’s holdings in Sherwin-Williams were worth $2,533,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Valued Wealth Advisors LLC grew its position in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Sherwin-Williams by 8.0% during the third quarter. Principal Securities Inc. now owns 7,058 shares of the specialty chemicals company’s stock worth $2,694,000 after purchasing an additional 525 shares during the last quarter. Norris Perne & French LLP MI increased its stake in shares of Sherwin-Williams by 110.4% in the third quarter. Norris Perne & French LLP MI now owns 68,005 shares of the specialty chemicals company’s stock valued at $25,955,000 after buying an additional 35,688 shares during the period. Cordatus Wealth Management LLC raised its holdings in Sherwin-Williams by 1.2% in the 3rd quarter. Cordatus Wealth Management LLC now owns 3,623 shares of the specialty chemicals company’s stock valued at $1,383,000 after buying an additional 42 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in Sherwin-Williams by 41.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 17,990 shares of the specialty chemicals company’s stock worth $6,866,000 after buying an additional 5,288 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value 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 approximately $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 can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $357.97 on Friday. The company has a fifty day moving average price of $372.36 and a 200-day moving average price of $336.38. The firm has a market cap of $90.15 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 2.89 and a beta of 1.18. 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 Sherwin-Williams Company has a 1 year low of $240.00 and a 1 year high of $392.57.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the company posted $3.20 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts predict that The Sherwin-Williams Company will post 11.32 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. Shareholders of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.80%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHW. Evercore ISI decreased their price target on shares of Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group lifted their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.29.

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.