The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,463 shares of the specialty chemicals company’s stock after selling 371 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Sherwin-Williams were worth $2,848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. Tamar Securities LLC increased its position in shares of Sherwin-Williams by 3.4% during the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after purchasing an additional 1,604 shares during the period. Valeo Financial Advisors LLC raised its position in Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after acquiring an additional 193 shares in the last quarter. Transcend Capital Advisors LLC raised its position in Sherwin-Williams by 24.1% in the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after acquiring an additional 1,514 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after purchasing an additional 4,074 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $3,018,000. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Evercore ISI reduced 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. Barclays boosted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, KeyCorp reissued 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 issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $395.29.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of SHW opened at $378.09 on Wednesday. The Sherwin-Williams Company has a 52 week low of $249.49 and a 52 week high of $392.57. 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 company has a market capitalization of $95.22 billion, a PE ratio of 37.66, a PEG ratio of 3.02 and a beta of 1.17. The company’s 50 day moving average price is $373.00 and its 200 day moving average price is $337.73.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the firm earned $3.20 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Research analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 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.