The Sherwin-Williams Company $SHW Shares Sold by Northeast Investment Management

Northeast Investment Management reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,271 shares of the specialty chemicals company’s stock after selling 1,416 shares during the quarter. Northeast Investment Management’s holdings in Sherwin-Williams were worth $10,432,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Chicago Partners Investment Group LLC increased its position in Sherwin-Williams by 68.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,091 shares of the specialty chemicals company’s stock worth $2,053,000 after purchasing an additional 2,474 shares in the last quarter. 3Chopt Investment Partners LLC increased its stake in shares of Sherwin-Williams by 35.7% in the third quarter. 3Chopt Investment Partners LLC now owns 885 shares of the specialty chemicals company’s stock valued at $286,000 after buying an additional 233 shares during the period. Rakuten Investment Management Inc. raised its holdings in Sherwin-Williams by 8.2% in the 3rd quarter. Rakuten Investment Management Inc. now owns 40,954 shares of the specialty chemicals company’s stock valued at $13,533,000 after buying an additional 3,115 shares during the last quarter. Provenance Wealth Advisors LLC raised its holdings in Sherwin-Williams by 348.1% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 3,737 shares of the specialty chemicals company’s stock valued at $1,208,000 after buying an additional 2,903 shares during the last quarter. Finally, Integrity Alliance LLC. boosted its position in Sherwin-Williams by 16.1% during the 3rd quarter. Integrity Alliance LLC. now owns 2,516 shares of the specialty chemicals company’s stock worth $813,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the sale, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Justin Binns sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 25,277 shares of company stock valued at $9,029,348. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $363.70 on Thursday. The stock has a market capitalization of $87.87 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.84 and a beta of 1.05. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The stock’s 50 day moving average price is $329.67 and its two-hundred day moving average price is $333.09. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing the consensus estimate of $3.69 by ($0.06). Sherwin-Williams had a net margin of 10.74% and a return on equity of 69.51%. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter in the prior year, the firm earned $3.59 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, November 13th. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s payout ratio is 29.41%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. DA Davidson set a $390.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a report on Wednesday, October 28th. BNP Paribas Exane raised their price target on shares of Sherwin-Williams from $345.00 to $360.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Melius Research began coverage on shares of Sherwin-Williams in a report on Tuesday, October 6th. They set a “hold” rating and a $367.00 price target on the stock. Royal Bank Of Canada reduced their price objective on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Finally, Guggenheim restated a “buy” rating and issued a $375.00 price objective (down from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 28th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.