The Sherwin-Williams Company (NYSE:SHW) Position Lessened by AIA Group Ltd

AIA Group Ltd lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the third quarter, HoldingsChannel reports. The firm owned 19,903 shares of the specialty chemicals company’s stock after selling 136 shares during the quarter. AIA Group Ltd’s holdings in Sherwin-Williams were worth $7,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SHW. Norden Group LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $329,000. Envestnet Portfolio Solutions Inc. increased its position in Sherwin-Williams by 2.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 17,082 shares of the specialty chemicals company’s stock valued at $5,933,000 after acquiring an additional 346 shares during the period. Empowered Funds LLC raised its stake in Sherwin-Williams by 25.5% during the 1st quarter. Empowered Funds LLC now owns 4,248 shares of the specialty chemicals company’s stock valued at $1,475,000 after acquiring an additional 863 shares in the last quarter. SG Americas Securities LLC boosted its position in Sherwin-Williams by 668.9% during the 1st quarter. SG Americas Securities LLC now owns 68,065 shares of the specialty chemicals company’s stock worth $23,641,000 after acquiring an additional 59,213 shares during the period. Finally, Sustainable Insight Capital Management LLC bought a new position in shares of Sherwin-Williams in the first quarter worth $4,988,000. 77.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Jefferies Financial Group upped their target price on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Morgan Stanley boosted their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 0.9 %

Shares of NYSE:SHW opened at $384.00 on Friday. The firm has a 50 day simple moving average of $373.38 and a 200 day simple moving average of $338.03. The company has a market cap of $96.71 billion, a PE ratio of 38.25, a price-to-earnings-growth ratio of 3.07 and a beta of 1.17. 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 Sherwin-Williams Company has a 52 week low of $251.69 and a 52 week high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion for 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 company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $3.20 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.74%. Sherwin-Williams’s payout ratio is 28.49%.

Sherwin-Williams Company 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.