Beese Fulmer Investment Management Inc. Sells 210 Shares of The Sherwin-Williams Company (NYSE:SHW)

Beese Fulmer Investment Management Inc. lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,349 shares of the specialty chemicals company’s stock after selling 210 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Sherwin-Williams were worth $5,095,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SHW. HHM Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. raised its stake in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares during the last quarter. VitalStone Financial LLC raised its stake in shares of Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 77 shares during the last quarter. Anfield Capital Management LLC bought a new position in Sherwin-Williams in the 2nd quarter worth approximately $38,000. Finally, Meeder Asset Management Inc. bought a new position in Sherwin-Williams in the 2nd quarter worth approximately $41,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $362.72 on Thursday. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $392.57. The firm has a market capitalization of $91.50 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth 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 firm has a fifty day moving average of $371.81 and a 200-day moving average of $334.64.

Sherwin-Williams (NYSE:SHW) last announced 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). The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $3.20 earnings per share. On average, equities research analysts forecast that The Sherwin-Williams Company will post 11.31 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced 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 of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is presently 28.49%.

Insider Buying and Selling

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Robert W. Baird boosted 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. Wells Fargo & Company boosted their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley upped their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $390.71.

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.