The Sherwin-Williams Company $SHW Shares Sold by Benin Management CORP

Benin Management CORP trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,552 shares of the specialty chemicals company’s stock after selling 75 shares during the quarter. Benin Management CORP’s holdings in Sherwin-Williams were worth $876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Valley Brook Capital Group Inc. boosted its holdings in Sherwin-Williams by 2.4% in the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after purchasing an additional 31 shares in the last quarter. Nicolet Advisory Services LLC lifted its stake in Sherwin-Williams by 3.1% in the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock valued at $362,000 after buying an additional 33 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Sherwin-Williams by 1.3% in the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company’s stock valued at $927,000 after buying an additional 33 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Sherwin-Williams by 41.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock valued at $39,000 after buying an additional 33 shares during the last quarter. Finally, Beacon Financial Group lifted its stake in Sherwin-Williams by 5.1% in the second quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company’s stock valued at $235,000 after buying an additional 33 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup reiterated a “neutral” rating and issued a $380.00 price objective (up previously from $375.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Mizuho reduced their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Wells Fargo & Company set a $395.00 price target on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Friday, October 10th. Finally, Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $387.13.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $338.66 on Wednesday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The business has a 50 day simple moving average of $352.34 and a 200-day simple moving average of $347.88. The stock has a market capitalization of $84.44 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $3.70 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a $0.79 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares of the company’s stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.