The Sherwin-Williams Company (NYSE:SHW) Shares Sold by ORG Wealth Partners LLC

ORG Wealth Partners LLC lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,424 shares of the specialty chemicals company’s stock after selling 66 shares during the period. ORG Wealth Partners LLC’s holdings in Sherwin-Williams were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ashton Thomas Private Wealth LLC grew its holdings in Sherwin-Williams by 17.6% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 1,527 shares of the specialty chemicals company’s stock worth $456,000 after acquiring an additional 228 shares in the last quarter. MGO One Seven LLC increased its holdings in Sherwin-Williams by 0.7% in the second quarter. MGO One Seven LLC now owns 11,148 shares of the specialty chemicals company’s stock valued at $3,327,000 after buying an additional 82 shares during the last quarter. VitalStone Financial LLC raised its stake in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 77 shares in the last quarter. HHM Wealth Advisors LLC raised its stake in Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Sherwin-Williams by 5.4% in the 2nd quarter. LPL Financial LLC now owns 182,450 shares of the specialty chemicals company’s stock valued at $54,449,000 after buying an additional 9,387 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 2.3 %

Sherwin-Williams stock traded down $7.92 during trading on Friday, reaching $329.62. 560,446 shares of the company’s stock were exchanged, compared to its average volume of 1,552,156. The company’s 50-day moving average is $367.88 and its two-hundred day moving average is $357.46. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The firm has a market cap of $83.02 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $6.20 billion. During the same period last year, the firm earned $3.20 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a $0.715 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.87%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Analyst Upgrades and Downgrades

SHW has been the subject of several research analyst reports. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Mizuho cut their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Citigroup dropped their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $402.25.

Insider Buying and Selling

In other news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $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 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.