Segment Wealth Management LLC Has $16.88 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Segment Wealth Management LLC trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.2% during the third quarter, HoldingsChannel reports. The fund owned 44,238 shares of the specialty chemicals company’s stock after selling 84 shares during the period. Sherwin-Williams comprises about 1.2% of Segment Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Segment Wealth Management LLC’s holdings in Sherwin-Williams were worth $16,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. HHM Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares during the period. Semmax Financial Advisors Inc. raised its position in Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 60 shares during the last quarter. VitalStone Financial LLC lifted its stake in Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 77 shares in the last quarter. Anfield Capital Management LLC acquired a new position in Sherwin-Williams during the 2nd quarter worth approximately $38,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $41,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

Shares of SHW opened at $361.27 on Wednesday. The company’s 50-day moving average is $371.59 and its 200-day moving average is $334.45. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The firm has a market capitalization of $91.13 billion, a PE ratio of 36.83, a PEG ratio of 3.04 and a beta of 1.17. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the prior year, the firm earned $3.29 EPS. The business’s revenue was up .5% on a year-over-year basis. Equities analysts forecast that The Sherwin-Williams Company will post 11.49 EPS for the current year.

Sherwin-Williams Announces Dividend

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 issued 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 0.79%. Sherwin-Williams’s payout ratio is currently 29.15%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams 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 transaction of $5,326,371.60. Following the transaction, the chief financial officer now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SHW. Morgan Stanley boosted their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group increased their price objective on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a research report on Friday, August 30th. Finally, Evercore ISI boosted their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $383.35.

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.