Asset Advisors Investment Management LLC Cuts Holdings in The Sherwin-Williams Company (NYSE:SHW)

Asset Advisors Investment Management LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 0.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 28,278 shares of the specialty chemicals company’s stock after selling 270 shares during the period. Sherwin-Williams makes up 1.1% of Asset Advisors Investment Management LLC’s investment portfolio, making the stock its 29th biggest position. Asset Advisors Investment Management LLC’s holdings in Sherwin-Williams were worth $10,793,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Nations Financial Group Inc. IA ADV raised its stake in shares of Sherwin-Williams by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after acquiring an additional 209 shares in the last quarter. Tamar Securities LLC increased its holdings in shares of Sherwin-Williams by 3.4% in the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock worth $18,608,000 after buying an additional 1,604 shares during the period. Swedbank AB lifted its stake in shares of Sherwin-Williams by 4.2% in the 3rd quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock valued at $44,676,000 after acquiring an additional 4,681 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after acquiring an additional 4,074 shares during the period. Finally, Sustainable Insight Capital Management LLC increased its stake in Sherwin-Williams by 584.6% in the 3rd quarter. Sustainable Insight Capital Management LLC now owns 15,062 shares of the specialty chemicals company’s stock worth $5,749,000 after purchasing an additional 12,862 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $366.82 on Friday. The company has a 50 day moving average of $379.24 and a 200 day moving average of $351.37. 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 Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm has a market cap of $92.38 billion, a P/E ratio of 36.54, a PEG ratio of 3.00 and a beta of 1.19.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its quarterly earnings results 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 company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the business earned $3.20 EPS. The business’s revenue was up .7% compared to the same quarter last year. As a group, research analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a $0.715 dividend. 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 payout ratio is currently 28.49%.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 2,565 shares of the company’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 directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents 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 currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on SHW. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group increased their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Evercore ISI increased their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued 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 $396.47.

Check Out Our Latest Stock Analysis on Sherwin-Williams

About Sherwin-Williams

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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