Advisors Asset Management Inc. Has $6.54 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Advisors Asset Management Inc. trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,134 shares of the specialty chemicals company’s stock after selling 38 shares during the quarter. Advisors Asset Management Inc.’s holdings in Sherwin-Williams were worth $6,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SHW. Valued Wealth Advisors LLC boosted its holdings in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 45 shares in the last quarter. First Personal Financial Services acquired a new position in shares of Sherwin-Williams in the 3rd quarter worth approximately $29,000. Semmax Financial Advisors Inc. boosted its holdings 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 in the last quarter. Finally, VitalStone Financial LLC boosted its holdings in shares of Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’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 directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. The trade was a 28.84 % 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 Price Performance

SHW opened at $371.66 on Thursday. 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 12 month low of $270.95 and a 12 month high of $392.57. The company has a fifty day simple moving average of $376.69 and a 200 day simple moving average of $343.40. The stock has a market cap of $93.60 billion, a P/E ratio of 37.02, a P/E/G ratio of 3.01 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the company earned $3.20 EPS. Sherwin-Williams’s quarterly revenue was up .7% on a year-over-year basis. On average, research analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is presently 28.49%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SHW. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup reduced their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Barclays boosted their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $396.47.

Sherwin-Williams Company 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.