Gulf International Bank UK Ltd Sells 795 Shares of The Sherwin-Williams Company (NYSE:SHW)

Gulf International Bank UK Ltd reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,688 shares of the specialty chemicals company’s stock after selling 795 shares during the period. Gulf International Bank UK Ltd’s holdings in Sherwin-Williams were worth $7,132,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. increased its position in Sherwin-Williams by 132.8% in 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 acquiring an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Sherwin-Williams by 610.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock valued at $311,971,000 after buying an additional 898,143 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after buying an additional 724,907 shares during the period. Jensen Investment Management Inc. acquired a new position in shares of Sherwin-Williams during the second quarter valued at $169,770,000. Finally, 1832 Asset Management L.P. increased its position in Sherwin-Williams by 54.0% in the second quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after purchasing an additional 496,326 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on SHW shares. Evercore ISI reduced their target price on shares of Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Jefferies Financial Group raised their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Robert W. Baird boosted their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. One 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $395.29.

Sherwin-Williams Trading Up 4.6 %

Sherwin-Williams stock opened at $374.40 on Tuesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The firm has a 50-day moving average of $372.64 and a 200-day moving average of $337.22. The company has a market cap of $94.29 billion, a price-to-earnings ratio of 37.29, a P/E/G ratio of 2.88 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $249.49 and a one year high of $392.57.

Sherwin-Williams (NYSE:SHW) last issued 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). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the firm posted $3.20 earnings per share. Sherwin-Williams’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio 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.