The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Sittner & Nelson LLC

Sittner & Nelson LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,455 shares of the specialty chemicals company’s stock after selling 60 shares during the quarter. Sittner & Nelson LLC’s holdings in Sherwin-Williams were worth $555,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Valued Wealth Advisors LLC increased its holdings in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. raised its holdings in shares of Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 60 shares during the last quarter. VitalStone Financial LLC raised its holdings in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 77 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 28 shares during 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 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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $384.00 on Friday. The firm has a 50 day moving average of $373.38 and a 200-day moving average of $338.03. The stock has a market capitalization of $96.71 billion, a PE ratio of 38.25, a PEG ratio of 3.02 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12 month low of $251.69 and a 12 month high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (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 analyst estimates of $6.20 billion. During the same quarter in the prior year, the company earned $3.20 earnings per share. Sherwin-Williams’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent analyst reports. Citigroup dropped their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Wells Fargo & Company lifted their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group lifted their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target 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.