The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,043 shares of the specialty chemicals company’s stock after selling 176 shares during the period. Centaurus Financial Inc.’s holdings in Sherwin-Williams were worth $398,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SHW. Valued Wealth Advisors LLC boosted its position in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares in the last quarter. HHM Wealth Advisors LLC boosted its position 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 worth $27,000 after buying an additional 45 shares in the last quarter. First Personal Financial Services acquired a new stake in Sherwin-Williams in the 3rd quarter valued at about $29,000. Semmax Financial Advisors Inc. increased its holdings in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares in the last quarter. Finally, VitalStone Financial LLC raised its position in Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $396.14 on Wednesday. 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 market capitalization of $99.77 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 3.13 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $272.34 and a one year high of $400.31. The company has a 50 day moving average price of $377.90 and a 200 day moving average price of $345.63.

Sherwin-Williams (NYSE:SHW) last released 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 firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the company earned $3.20 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is currently 28.49%.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the chief financial officer now directly 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. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of several research reports. Evercore ISI increased their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Jefferies Financial Group boosted their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Robert W. Baird increased their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $396.47.

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.