BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Sherwin-Williams Co (NYSE:SHW) by 23.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,685 shares of the specialty chemicals company’s stock after selling 8,392 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Sherwin-Williams were worth $12,602,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SHW. Royal London Asset Management Ltd. purchased a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $14,343,000. Morse Asset Management Inc lifted its position in shares of Sherwin-Williams by 26.0% during the 2nd quarter. Morse Asset Management Inc now owns 970 shares of the specialty chemicals company’s stock valued at $395,000 after buying an additional 200 shares in the last quarter. JLB & Associates Inc. lifted its position in shares of Sherwin-Williams by 3.9% during the 3rd quarter. JLB & Associates Inc. now owns 5,965 shares of the specialty chemicals company’s stock valued at $2,715,000 after buying an additional 224 shares in the last quarter. United Capital Management of KS Inc. purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at approximately $1,815,000. Finally, Adams Natural Resources Fund Inc. purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at approximately $5,189,000. Institutional investors and hedge funds own 76.27% of the company’s stock.

In related news, Director John M. Stropki bought 675 shares of the business’s stock in a transaction on Monday, October 29th. The stock was acquired at an average cost of $375.00 per share, with a total value of $253,125.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on SHW. Longbow Research began coverage on Sherwin-Williams in a research report on Friday, November 30th. They set a “neutral” rating on the stock. Deutsche Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the company from $400.00 to $465.00 in a research note on Tuesday. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Credit Suisse Group reduced their price objective on Sherwin-Williams from $500.00 to $467.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, Buckingham Research reduced their price objective on Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. Ten research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Sherwin-Williams has an average rating of “Buy” and a consensus target price of $469.65.

NYSE SHW opened at $406.60 on Thursday. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $479.64. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.04 and a quick ratio of 0.66. The firm has a market capitalization of $39.70 billion, a P/E ratio of 28.49, a PEG ratio of 1.71 and a beta of 1.38.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.71 by ($0.03). Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.78 billion. On average, sell-side analysts forecast that Sherwin-Williams Co will post 19.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.11%.

TRADEMARK VIOLATION WARNING: “BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 8,392 Shares of Sherwin-Williams Co (SHW)” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.watchlistnews.com/british-columbia-investment-management-corp-sells-8392-shares-of-sherwin-williams-co-shw/2663908.html.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

Further Reading: What is Net Asset Value (NAV)?

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.