The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 22.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,447 shares of the specialty chemicals company’s stock after selling 2,174 shares during the period. Fisher Asset Management LLC’s holdings in Sherwin-Williams were worth $2,843,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in Sherwin-Williams by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock worth $573,538,000 after buying an additional 53,487 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in Sherwin-Williams by 132.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after buying an additional 917,979 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Sherwin-Williams by 18.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock worth $454,917,000 after buying an additional 238,031 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Sherwin-Williams by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after buying an additional 15,843 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock worth $422,654,000 after buying an additional 496,326 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Robert W. Baird boosted their target price on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada lowered their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Evercore ISI boosted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

Sherwin-Williams Stock Down 0.6 %

Shares of NYSE SHW opened at $393.96 on Friday. The firm has a market cap of $99.22 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 3.22 and a beta of 1.17. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 52-week low of $272.34 and a 52-week high of $400.42. The business’s 50 day moving average is $378.56 and its two-hundred day moving average is $346.30.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.20 EPS. Research analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 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.