The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,349 shares of the specialty chemicals company’s stock after selling 210 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Sherwin-Williams were worth $5,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SHW. HHM Wealth Advisors LLC boosted its position 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 worth $27,000 after buying an additional 45 shares during the period. Semmax Financial Advisors Inc. boosted its position in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares during the period. VitalStone Financial LLC boosted its position in shares of Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares during the period. Anfield Capital Management LLC acquired a new stake in shares of Sherwin-Williams in the second quarter worth $38,000. Finally, Friedenthal Financial acquired a new stake in shares of Sherwin-Williams in the third quarter worth $50,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.4 %

SHW stock opened at $362.72 on Thursday. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $392.57. The company has a market cap of $91.50 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17. The business’s 50-day simple moving average is $371.81 and its 200 day simple moving average is $334.64. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the business earned $3.20 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.31 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SHW. Robert W. Baird raised their target price on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. The Goldman Sachs Group increased their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $390.71.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The stock was 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 directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

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.