The Sherwin-Williams Company $SHW Shares Sold by Caliber Wealth Management LLC KS

Caliber Wealth Management LLC KS lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 13.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,009 shares of the specialty chemicals company’s stock after selling 156 shares during the period. Caliber Wealth Management LLC KS’s holdings in Sherwin-Williams were worth $346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Synergy Investment Management LLC boosted its position in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 70 shares during the period. Valley National Advisers Inc. boosted its position in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 34 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams in the 1st quarter valued at approximately $30,000. Salomon & Ludwin LLC purchased a new position in Sherwin-Williams in the 2nd quarter valued at approximately $31,000. Finally, Saudi Central Bank purchased a new position in Sherwin-Williams in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Trading Down 1.4%

NYSE SHW opened at $333.87 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The firm has a market cap of $83.24 billion, a PE ratio of 33.12, a P/E/G ratio of 3.17 and a beta of 1.20. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm’s fifty day moving average is $351.63 and its two-hundred day moving average is $347.78.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s payout ratio is currently 31.35%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SHW. UBS Group reaffirmed a “buy” rating and set a $400.00 price objective (up from $395.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Citigroup reaffirmed a “neutral” rating and set a $380.00 price objective (up from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Bank of America decreased their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Finally, BMO Capital Markets cut their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.13.

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.