Stratos Wealth Partners LTD. lowered its position in Sherwin-Williams Co (NYSE:SHW) by 25.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,584 shares of the specialty chemicals company’s stock after selling 536 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sherwin-Williams were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Sherwin-Williams by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after purchasing an additional 315,903 shares during the last quarter. BlackRock Inc. raised its stake in Sherwin-Williams by 3.9% in the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after purchasing an additional 204,766 shares during the last quarter. FMR LLC raised its stake in Sherwin-Williams by 18.1% in the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after purchasing an additional 621,190 shares during the last quarter. Fiera Capital Corp raised its stake in Sherwin-Williams by 11.3% in the 2nd quarter. Fiera Capital Corp now owns 1,282,221 shares of the specialty chemicals company’s stock valued at $450,009,000 after purchasing an additional 130,002 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Sherwin-Williams by 30.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after buying an additional 247,553 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.
In related news, insider Joel D. Baxter sold 2,376 shares of Sherwin-Williams stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the transaction, the insider now directly owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert J. Davisson sold 8,800 shares of Sherwin-Williams stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the transaction, the insider now directly owns 14,812 shares of the company’s stock, valued at $5,777,716.84. The disclosure for this sale can be found here. 1.69% of the stock is owned by insiders.
Several analysts have issued reports on SHW shares. Robert W. Baird restated a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Friday, September 29th. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 price target for the company in a report on Wednesday, September 20th. Royal Bank Of Canada reiterated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, September 20th. KeyCorp restated a “buy” rating and set a $415.00 target price on shares of Sherwin-Williams in a report on Sunday, September 3rd. Finally, Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “buy” rating and raised their target price for the company from $325.00 to $435.00 in a report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $402.32.
Sherwin-Williams Co (SHW) opened at $406.93 on Tuesday. Sherwin-Williams Co has a 12-month low of $263.06 and a 12-month high of $410.66. The company has a market capitalization of $38,050.00, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07.
Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period last year, the business posted $4.23 EPS. The company’s revenue was up 37.4% on a year-over-year basis. equities analysts expect that Sherwin-Williams Co will post 15.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.84%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.81%.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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