The Sherwin-Williams Company $SHW Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 453 shares of the specialty chemicals company’s stock after selling 74 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Sherwin-Williams were worth $156,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $91,000. Asset Management One Co. Ltd. lifted its holdings in Sherwin-Williams by 3.1% during the 2nd quarter. Asset Management One Co. Ltd. now owns 221,017 shares of the specialty chemicals company’s stock worth $75,888,000 after buying an additional 6,665 shares in the last quarter. FSM Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 51.5% during the 2nd quarter. FSM Wealth Advisors LLC now owns 3,467 shares of the specialty chemicals company’s stock worth $1,201,000 after buying an additional 1,179 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Sherwin-Williams by 10.3% during the 2nd quarter. Bleakley Financial Group LLC now owns 12,699 shares of the specialty chemicals company’s stock worth $4,360,000 after buying an additional 1,182 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in Sherwin-Williams by 9.8% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,595 shares of the specialty chemicals company’s stock worth $548,000 after buying an additional 143 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company set a $395.00 target price on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Friday, October 10th. Citigroup reiterated a “neutral” rating and set a $380.00 target price (up from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Bank of America reduced their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Finally, Evercore ISI increased their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $387.13.

Sherwin-Williams Price Performance

Shares of SHW opened at $333.64 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The firm’s fifty day simple moving average is $350.33 and its 200-day simple moving average is $347.98. The firm has a market capitalization of $83.19 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 3.11 and a beta of 1.20. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the business earned $3.70 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal 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 dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were 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 approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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.