Blueshift Asset Management LLC Reduces Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Blueshift Asset Management LLC cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 77.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 927 shares of the specialty chemicals company’s stock after selling 3,215 shares during the period. Blueshift Asset Management LLC’s holdings in Sherwin-Williams were worth $354,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after purchasing an additional 999,164 shares during the last quarter. Legal & General Group Plc lifted its stake in Sherwin-Williams by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after buying an additional 53,487 shares in the last quarter. PineStone Asset Management Inc. grew its holdings in Sherwin-Williams by 132.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after buying an additional 917,979 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Sherwin-Williams by 18.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock worth $454,917,000 after buying an additional 238,031 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Sherwin-Williams by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after acquiring an additional 15,843 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHW has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price objective on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Barclays boosted their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Citigroup decreased their price objective on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.47.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Trading Down 0.6 %

Shares of SHW stock opened at $393.96 on Friday. The Sherwin-Williams Company has a fifty-two week low of $272.34 and a fifty-two week high of $400.42. The firm’s 50 day moving average price is $378.56 and its two-hundred day moving average price is $346.30. The stock has a market cap of $99.22 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 3.17 and a beta of 1.17. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last announced its quarterly 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). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the company posted $3.20 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.73%. The ex-dividend date 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.