My Legacy Advisors LLC Sells 371 Shares of The Sherwin-Williams Company (NYSE:SHW)

My Legacy Advisors LLC cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 29.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 878 shares of the specialty chemicals company’s stock after selling 371 shares during the period. My Legacy Advisors LLC’s holdings in Sherwin-Williams were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Griffin Asset Management Inc. raised its position in shares of 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 in the last quarter. Conning Inc. grew its stake in shares of Sherwin-Williams by 1.9% in the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after buying an additional 30 shares during the period. Oxbow Advisors LLC grew its stake in shares of Sherwin-Williams by 4.5% in the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock valued at $206,000 after buying an additional 30 shares during the period. Global X Japan Co. Ltd. grew its stake 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 valued at $419,000 after buying an additional 30 shares during the period. Finally, Optas LLC grew its stake in shares of Sherwin-Williams by 1.3% in the 2nd 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 institutional investors.

Sherwin-Williams Trading Down 5.4 %

NYSE:SHW opened at $361.27 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $91.13 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 3.04 and a beta of 1.17. The firm’s 50 day moving average is $371.59 and its 200 day moving average is $334.45. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $392.57.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.79%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.15%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SHW. Robert W. Baird raised their target price on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group raised their target price on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday. Evercore ISI raised their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company lifted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $383.35.

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.