The Sherwin-Williams Company (NYSE:SHW) Shares Sold by 1776 Wealth LLC

1776 Wealth LLC trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,848 shares of the specialty chemicals company’s stock after selling 129 shares during the period. 1776 Wealth LLC’s holdings in Sherwin-Williams were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Valued Wealth Advisors LLC boosted its stake in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 32 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $29,000. Semmax Financial Advisors Inc. grew its stake in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares during the last quarter. Finally, VitalStone Financial LLC increased its position in Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of SHW stock traded down $8.74 during trading hours on Friday, hitting $378.99. The company’s stock had a trading volume of 1,722,807 shares, compared to its average volume of 1,634,530. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a twelve month low of $264.54 and a twelve month high of $392.57. The stock has a market cap of $95.45 billion, a price-to-earnings ratio of 37.75, a P/E/G ratio of 3.12 and a beta of 1.17. The business has a fifty day moving average of $376.42 and a 200-day moving average of $341.69.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the company posted $3.20 EPS. Sherwin-Williams’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Citigroup decreased their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $396.47.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 completion of 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 18.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

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.