Logan Capital Management Inc. Lowers Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Logan Capital Management Inc. cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,776 shares of the specialty chemicals company’s stock after selling 1,027 shares during the quarter. Sherwin-Williams makes up about 1.4% of Logan Capital Management Inc.’s holdings, making the stock its 11th biggest holding. Logan Capital Management Inc.’s holdings in Sherwin-Williams were worth $35,028,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Valued Wealth Advisors LLC raised its stake in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 32 shares during the last quarter. HHM Wealth Advisors LLC increased 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 valued at $27,000 after acquiring an additional 45 shares in the last quarter. First Personal Financial Services purchased a new position in shares of Sherwin-Williams in the 3rd quarter worth about $29,000. Semmax Financial Advisors Inc. boosted its stake in Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter valued at about $32,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

SHW stock traded down $0.11 during trading on Friday, reaching $366.74. The company’s stock had a trading volume of 89,251 shares, compared to its average volume of 1,636,153. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The company’s fifty day moving average is $379.24 and its 200-day moving average is $351.37. The company has a market capitalization of $92.36 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 3.00 and a beta of 1.19. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business posted $3.20 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on SHW. Citigroup decreased their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Royal Bank of Canada reduced their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Finally, Robert W. Baird increased their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $396.47.

Sherwin-Williams Company 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.