Jensen Investment Management Inc. Sells 27,427 Shares of The Sherwin-Williams Company (NYSE:SHW)

Jensen Investment Management Inc. decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 541,451 shares of the specialty chemicals company’s stock after selling 27,427 shares during the quarter. Sherwin-Williams accounts for about 1.7% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 21st biggest position. Jensen Investment Management Inc.’s holdings in Sherwin-Williams were worth $206,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHW. Tyler Stone Wealth Management increased its stake in Sherwin-Williams by 112.7% in the third quarter. Tyler Stone Wealth Management now owns 704 shares of the specialty chemicals company’s stock worth $269,000 after purchasing an additional 373 shares during the period. Axxcess Wealth Management LLC lifted its holdings in Sherwin-Williams by 59.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,252 shares of the specialty chemicals company’s stock valued at $478,000 after buying an additional 467 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its stake in shares of Sherwin-Williams by 4.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 2,170 shares of the specialty chemicals company’s stock valued at $831,000 after buying an additional 86 shares during the period. Sustainable Insight Capital Management LLC raised its holdings in shares of Sherwin-Williams by 584.6% in the third quarter. Sustainable Insight Capital Management LLC now owns 15,062 shares of the specialty chemicals company’s stock valued at $5,749,000 after acquiring an additional 12,862 shares in the last quarter. Finally, Atria Investments Inc lifted its stake in Sherwin-Williams by 3.3% in the third quarter. Atria Investments Inc now owns 35,821 shares of the specialty chemicals company’s stock worth $13,672,000 after acquiring an additional 1,142 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SHW shares. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Barclays upped their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada cut their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $396.47.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded up $2.67 during trading on Friday, reaching $386.67. 2,209,492 shares of the company traded hands, compared to its average volume of 2,559,190. The Sherwin-Williams Company has a 12-month low of $251.69 and a 12-month high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock has a market cap of $97.38 billion, a P/E ratio of 38.51, a PEG ratio of 3.12 and a beta of 1.17. The firm’s fifty day simple moving average is $374.21 and its 200 day simple moving average is $339.14.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) 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 net margin of 11.09% and a return on equity of 74.45%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.20 earnings per share. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share 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. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

About Sherwin-Williams

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.