Capital Investment Advisors LLC Reduces Position in The Sherwin-Williams Company (NYSE:SHW)

Capital Investment Advisors LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 4.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 698 shares of the specialty chemicals company’s stock after selling 33 shares during the period. Capital Investment Advisors LLC’s holdings in Sherwin-Williams were worth $266,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SHW. Griffin Asset Management Inc. grew its holdings in Sherwin-Williams by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock worth $3,548,000 after acquiring an additional 26 shares during the last quarter. Conning Inc. raised its position in Sherwin-Williams by 1.9% during the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after purchasing an additional 30 shares during the last quarter. Oxbow Advisors LLC lifted its holdings in Sherwin-Williams by 4.5% in the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after buying an additional 30 shares during the period. Global X Japan Co. Ltd. grew its position in shares of Sherwin-Williams by 2.2% in the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock worth $419,000 after buying an additional 30 shares during the last quarter. Finally, Optas LLC increased its stake in shares of Sherwin-Williams by 1.3% during the second quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after buying an additional 32 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHW has been the topic of several recent analyst reports. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday. Wells Fargo & Company boosted their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Evercore ISI upped their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Redburn Atlantic upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $383.35.

Insider Activity

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $381.75 on Tuesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The company has a market capitalization of $96.30 billion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 3.04 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $392.57. The company’s 50-day moving average is $371.35 and its 200 day moving average is $334.24.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $3.29 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.49 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 29.15%.

Sherwin-Williams 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.