The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 9.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 960 shares of the specialty chemicals company’s stock after selling 100 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Sherwin-Williams were worth $326,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC raised its position in Sherwin-Williams by 17.6% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 1,527 shares of the specialty chemicals company’s stock valued at $456,000 after purchasing an additional 228 shares during the last quarter. MGO One Seven LLC grew its holdings in shares of Sherwin-Williams by 0.7% during the second quarter. MGO One Seven LLC now owns 11,148 shares of the specialty chemicals company’s stock worth $3,327,000 after buying an additional 82 shares during the last quarter. VitalStone Financial LLC lifted its position in 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 acquiring an additional 77 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 102.3% during the second 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 during the period. Finally, LPL Financial LLC increased its holdings in shares of Sherwin-Williams by 5.4% in the 2nd quarter. LPL Financial LLC now owns 182,450 shares of the specialty chemicals company’s stock valued at $54,449,000 after purchasing an additional 9,387 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHW has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Citigroup lowered their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Robert W. Baird raised their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $402.25.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

SHW traded down $7.92 on Friday, reaching $329.62. The company had a trading volume of 560,446 shares, compared to its average volume of 1,552,156. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a market capitalization of $83.02 billion, a P/E ratio of 32.83, a PEG ratio of 2.94 and a beta of 1.22. The company has a fifty day moving average of $367.88 and a 200-day moving average of $357.46. The company has a current ratio of 0.83, a quick ratio of 0.51 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 (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 earnings per share. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

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.