The Sherwin-Williams Company (NYSE:SHW) Stock Position Reduced by Peoples Bank OH

Peoples Bank OH decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,250 shares of the specialty chemicals company’s stock after selling 84 shares during the quarter. Peoples Bank OH’s holdings in Sherwin-Williams were worth $477,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. HHM Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 102.3% during 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 in the last quarter. Semmax Financial Advisors Inc. lifted its holdings in shares of 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 buying an additional 60 shares during the last quarter. VitalStone Financial LLC grew its stake in shares of Sherwin-Williams by 233.3% in the 2nd 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 in the last quarter. Anfield Capital Management LLC acquired a new position in Sherwin-Williams in the second quarter worth approximately $38,000. Finally, Meeder Asset Management Inc. bought a new position in Sherwin-Williams during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Evercore ISI dropped their price target on shares of Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday. Citigroup lowered their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday. Wells Fargo & Company boosted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $395.29.

Sherwin-Williams Trading Down 0.3 %

Shares of SHW opened at $361.59 on Friday. The stock’s 50-day moving average price is $371.81 and its 200 day moving average price is $334.64. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $91.68 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 2.87 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $232.06 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 net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm posted $3.20 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that The Sherwin-Williams Company will post 11.31 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm 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 $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.79%. Sherwin-Williams’s payout ratio is currently 30.49%.

Insider Buying and Selling

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

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.