The Sherwin-Williams Company $SHW Position Lowered by Compass Capital Management Inc.

Compass Capital Management Inc. cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,571 shares of the specialty chemicals company’s stock after selling 4,835 shares during the quarter. Sherwin-Williams comprises 3.2% of Compass Capital Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Compass Capital Management Inc.’s holdings in Sherwin-Williams were worth $51,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Allworth Financial LP lifted its position in Sherwin-Williams by 2.4% during the third quarter. Allworth Financial LP now owns 5,202 shares of the specialty chemicals company’s stock valued at $1,791,000 after buying an additional 121 shares during the period. Fisher Asset Management LLC grew its position in shares of Sherwin-Williams by 55.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,602 shares of the specialty chemicals company’s stock worth $518,000 after buying an additional 573 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators grew its position in shares of Sherwin-Williams by 4.0% in the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 89,006 shares of the specialty chemicals company’s stock worth $28,773,000 after buying an additional 3,415 shares during the period. Maryland State Retirement & Pension System grew its position in shares of Sherwin-Williams by 10.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 13,781 shares of the specialty chemicals company’s stock worth $4,455,000 after buying an additional 1,302 shares during the period. Finally, Ritholtz Wealth Management increased its stake in shares of Sherwin-Williams by 0.9% in the 3rd quarter. Ritholtz Wealth Management now owns 6,997 shares of the specialty chemicals company’s stock worth $2,262,000 after acquiring an additional 63 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Argus boosted their price objective on shares of Sherwin-Williams from $355.00 to $380.00 in a research note on Thursday, August 27th. Morgan Stanley restated an “overweight” rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Barclays set a $329.00 target price on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. Finally, KeyCorp initiated coverage on shares of Sherwin-Williams in a report on Thursday, September 10th. They set a “sector weight” rating for the company. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary Garceau sold 3,891 shares of Sherwin-Williams 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 transaction, the senior vice president directly owned 31,466 shares of the company’s stock, valued at approximately $11,026,315.72. The trade was a 11.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James R. Jaye sold 2,301 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $345.56, for a total transaction of $795,133.56. Following the completion of the transaction, the senior vice president owned 6,936 shares in the company, valued at approximately $2,396,804.16. This represents a 24.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,315 shares of company stock worth $7,848,071 in the last 90 days. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Trading Down 0.4%

NYSE SHW opened at $349.89 on Friday. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77. The stock has a market cap of $84.53 billion, a P/E ratio of 32.16, a P/E/G ratio of 2.93 and a beta of 1.05. The stock’s fifty day moving average price is $331.51 and its 200-day moving average price is $333.13. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 2.00.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.69 by ($0.06). The company had revenue of $6.86 billion during 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%. Sherwin-Williams’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.59 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12.02 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.41%.

About Sherwin-Williams

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.