Intech Investment Management LLC Has $4.55 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Intech Investment Management LLC reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 47.5% in the 3rd quarter, Holdings Channel reports. The firm owned 11,933 shares of the specialty chemicals company’s stock after selling 10,816 shares during the period. Intech Investment Management LLC’s holdings in Sherwin-Williams were worth $4,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares in the last quarter. First Personal Financial Services bought a new position in Sherwin-Williams in the third quarter valued at about $29,000. GHP Investment Advisors Inc. raised its stake in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings 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 worth $27,000 after acquiring an additional 45 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $38,000. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Citigroup cut 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. Royal Bank of Canada dropped their target price 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. Finally, Barclays boosted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

Sherwin-Williams Trading Up 1.3 %

NYSE SHW opened at $388.30 on Friday. The stock has a market capitalization of $97.79 billion, a P/E ratio of 38.68, a P/E/G ratio of 3.09 and a beta of 1.17. The business has a 50 day simple moving average of $377.13 and a 200 day simple moving average of $344.18. 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 Sherwin-Williams Company has a one year low of $272.34 and a one year high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.20 EPS. Research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current 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 dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the 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 transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams 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.