The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 0.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 388,105 shares of the specialty chemicals company’s stock after selling 182 shares during the quarter. Sherwin-Williams comprises about 2.8% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Douglass Winthrop Advisors LLC owned about 0.15% of Sherwin-Williams worth $148,128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in shares of Sherwin-Williams by 13.1% in the third quarter. Daiwa Securities Group Inc. now owns 29,411 shares of the specialty chemicals company’s stock valued at $11,225,000 after acquiring an additional 3,403 shares during the period. SevenBridge Financial Group LLC raised its stake in Sherwin-Williams by 2.8% during the 3rd quarter. SevenBridge Financial Group LLC now owns 9,525 shares of the specialty chemicals company’s stock valued at $3,708,000 after purchasing an additional 262 shares during the last quarter. Larson Financial Group LLC raised its stake in Sherwin-Williams by 176.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,065 shares of the specialty chemicals company’s stock valued at $406,000 after purchasing an additional 680 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its holdings in Sherwin-Williams by 8.5% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 12,190 shares of the specialty chemicals company’s stock valued at $4,653,000 after purchasing an additional 950 shares during the period. Finally, Swedbank AB grew its position in Sherwin-Williams by 4.2% in the 3rd quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock worth $44,676,000 after purchasing an additional 4,681 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on Friday, August 30th. The shares were 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 owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 18.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $388.30 on Monday. The Sherwin-Williams Company has a 52 week low of $272.34 and a 52 week high of $392.57. The stock has a market capitalization of $97.79 billion, a PE ratio of 38.68, a PEG ratio of 3.13 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 stock’s fifty day moving average is $377.13 and its 200-day moving average is $344.54.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the company earned $3.20 EPS. The firm’s revenue was up .7% compared to the same quarter last year. Equities research analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Analyst Upgrades and Downgrades

SHW has been the subject of several research reports. Royal Bank of Canada reduced their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. BMO Capital Markets lifted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Citigroup cut their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Evercore ISI raised their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Company 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.