Leavell Investment Management Inc. Has $1.50 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Leavell Investment Management Inc. cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 18.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,936 shares of the specialty chemicals company’s stock after selling 908 shares during the period. Leavell Investment Management Inc.’s holdings in Sherwin-Williams were worth $1,502,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Sherwin-Williams in the 3rd quarter valued at $38,000. Physicians Financial Services Inc. grew its holdings in shares of Sherwin-Williams by 3.4% during the 3rd quarter. Physicians Financial Services Inc. now owns 2,120 shares of the specialty chemicals company’s stock worth $809,000 after purchasing an additional 70 shares in the last quarter. Stiles Financial Services Inc increased its position in shares of Sherwin-Williams by 2.6% in the third quarter. Stiles Financial Services Inc now owns 5,452 shares of the specialty chemicals company’s stock worth $2,081,000 after purchasing an additional 136 shares during the period. Bensler LLC increased its position in shares of Sherwin-Williams by 3.0% in the third quarter. Bensler LLC now owns 22,831 shares of the specialty chemicals company’s stock worth $8,714,000 after purchasing an additional 671 shares during the period. Finally, Portside Wealth Group LLC raised its stake in Sherwin-Williams by 4.3% in the third quarter. Portside Wealth Group LLC now owns 949 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 39 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $386.67 on Friday. The stock has a market cap of $97.38 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 3.07 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a fifty-two week low of $251.69 and a fifty-two week high of $392.57. The firm’s 50-day simple moving average is $374.21 and its 200 day simple moving average is $338.89.

Sherwin-Williams (NYSE:SHW) last posted 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). The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $3.20 EPS. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SHW. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Barclays upped their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Morgan Stanley lifted their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

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.