PHH Investments Ltd. lowered its stake in Sherwin-Williams Co (NYSE:SHW) by 7.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,322 shares of the specialty chemicals company’s stock after selling 283 shares during the period. PHH Investments Ltd.’s holdings in Sherwin-Williams were worth $1,189,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its position in shares of Sherwin-Williams by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock worth $542,000 after purchasing an additional 4 shares during the last quarter. BRYN MAWR TRUST Co increased its position in shares of Sherwin-Williams by 0.7% in the 2nd quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after purchasing an additional 7 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Sherwin-Williams by 0.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,032 shares of the specialty chemicals company’s stock worth $1,064,000 after purchasing an additional 28 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Sherwin-Williams by 7.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 29 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Sherwin-Williams by 0.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,372 shares of the specialty chemicals company’s stock worth $1,182,000 after purchasing an additional 30 shares during the last quarter. 75.98% of the stock is owned by institutional investors.
Sherwin-Williams Co (NYSE SHW) traded up $2.38 during midday trading on Monday, hitting $408.85. 575,700 shares of the stock traded hands, compared to its average volume of 629,670. Sherwin-Williams Co has a 1-year low of $265.14 and a 1-year high of $413.98. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. The firm has a market cap of $38,230.00, a price-to-earnings ratio of 29.46, a PEG ratio of 2.28 and a beta of 1.22.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the business posted $4.23 EPS. The company’s quarterly revenue was up 37.4% on a year-over-year basis. equities research analysts expect that Sherwin-Williams Co will post 15.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.81%.
Several equities research analysts have recently weighed in on SHW shares. BidaskClub raised shares of Sherwin-Williams from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Robert W. Baird reissued a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams in a research report on Friday, September 1st. KeyCorp reissued a “buy” rating and issued a $415.00 target price on shares of Sherwin-Williams in a research report on Sunday, September 3rd. Royal Bank Of Canada reissued a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $402.32.
In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were 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 approximately $1,285,336.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Davisson sold 1,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $407.11, for a total transaction of $407,110.00. The disclosure for this sale can be found here. Insiders sold a total of 15,122 shares of company stock valued at $5,969,846 over the last ninety days. Company insiders own 1.69% of the company’s stock.
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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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