5,365 The Sherwin-Williams Company $SHW Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 289,569 shares of the specialty chemicals company’s stock after selling 5,365 shares during the period. Keybank National Association OH owned 0.12% of Sherwin-Williams worth $93,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GK Wealth Management LLC acquired a new stake in Sherwin-Williams during the third quarter worth about $25,000. Wilkerson Advisory Group LLC boosted its holdings in Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Montgomery Financial Services LLC acquired a new position in Sherwin-Williams in the 2nd quarter valued at about $29,000. Tacita Capital Inc purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $30,000. Finally, Eastern Bank grew its stake in shares of Sherwin-Williams by 50.8% in the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $355.59 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. The stock has a market capitalization of $85.91 billion, a PE ratio of 32.68, a P/E/G ratio of 2.98 and a beta of 1.04. The firm has a 50 day moving average of $330.26 and a two-hundred day moving average of $333.06.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The company had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.59 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12.02 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 4th. Investors of record on Friday, November 13th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Sherwin-Williams’s payout ratio is presently 29.41%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Bryan Young sold 1,314 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $345.71, for a total value of $454,262.94. Following the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,472,656.95. This trade represents a 11.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary Garceau sold 3,891 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $350.42, for a total value of $1,363,484.22. Following the completion of the sale, the senior vice president directly owned 31,466 shares in the company, valued at $11,026,315.72. This represents a 11.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,315 shares of company stock worth $7,848,071 over the last quarter. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on SHW shares. Royal Bank Of Canada cut their price target on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $415.00 price objective (up from $390.00) on shares of Sherwin-Williams in a report on Friday, October 9th. Guggenheim reiterated a “buy” rating and issued a $375.00 price objective (down from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 28th. Berenberg Bank raised their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Sherwin-Williams from $355.00 to $375.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $377.29.

Sherwin-Williams Profile

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels. Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.