Segment Wealth Management LLC Sells 84 Shares of The Sherwin-Williams Company (NYSE:SHW)

Segment Wealth Management LLC lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,238 shares of the specialty chemicals company’s stock after selling 84 shares during the quarter. Sherwin-Williams accounts for about 1.2% of Segment Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Segment Wealth Management LLC’s holdings in Sherwin-Williams were worth $16,884,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SHW. HHM Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares during the period. Semmax Financial Advisors Inc. lifted its position in shares of Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares during the period. VitalStone Financial LLC grew its holdings in shares of Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares in the last quarter. Anfield Capital Management LLC bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $38,000. Finally, Friedenthal Financial acquired a new position in shares of Sherwin-Williams in the third quarter valued at $50,000. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Trading Down 5.4 %

Shares of NYSE SHW opened at $361.27 on Wednesday. The company’s 50 day simple moving average is $371.59 and its 200 day simple moving average is $334.45. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $392.57. The firm has a market capitalization of $91.13 billion, a P/E ratio of 36.83, a P/E/G ratio of 3.04 and a beta of 1.17.

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

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date 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 is 29.15%.

Analyst Ratings Changes

A number of research firms have weighed in on SHW. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday. Evercore ISI upped their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Royal Bank of Canada restated an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a research note on Friday, August 30th. Wells Fargo & Company upped their price objective 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. Finally, Robert W. Baird raised their target price on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $383.35.

About Sherwin-Williams

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.