The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 19.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736 shares of the specialty chemicals company’s stock after selling 175 shares during the period. Schulhoff & Co. Inc.’s holdings in Sherwin-Williams were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Asset Management Inc grew its holdings in Sherwin-Williams by 124.4% during the 1st quarter. TD Asset Management Inc now owns 213,730 shares of the specialty chemicals company’s stock worth $74,235,000 after acquiring an additional 118,503 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in Sherwin-Williams in the first quarter valued at $254,000. M&G Plc acquired a new stake in Sherwin-Williams in the first quarter valued at $8,368,000. Mizuho Markets Americas LLC lifted its holdings in Sherwin-Williams by 73.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 33,292 shares of the specialty chemicals company’s stock worth $11,563,000 after buying an additional 14,052 shares during the last quarter. Finally, First Foundation Advisors boosted its position in shares of Sherwin-Williams by 15.5% during the 1st quarter. First Foundation Advisors now owns 2,816 shares of the specialty chemicals company’s stock worth $978,000 after acquiring an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Up 0.9 %

Shares of Sherwin-Williams stock opened at $387.29 on Thursday. The Sherwin-Williams Company has a one year low of $258.52 and a one year high of $392.57. The company has a market cap of $97.54 billion, a P/E ratio of 38.57, a PEG ratio of 3.09 and a beta of 1.17. 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 firm has a fifty day moving average of $375.49 and a two-hundred day moving average of $340.86.

Sherwin-Williams (NYSE:SHW) last posted 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 in the prior year, the company earned $3.20 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. BMO Capital Markets increased their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Wells Fargo & Company boosted their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Evercore ISI raised their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $396.47.

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.