NorthCoast Asset Management LLC lowered its holdings in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,010 shares of the specialty chemicals company’s stock after selling 2,804 shares during the period. Sherwin-Williams Company (The) accounts for 2.2% of NorthCoast Asset Management LLC’s investment portfolio, making the stock its 15th largest holding. NorthCoast Asset Management LLC owned 0.06% of Sherwin-Williams Company (The) worth $18,980,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SHW. First Citizens Bank & Trust Co. boosted its stake in Sherwin-Williams Company (The) by 2.5% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,189 shares of the specialty chemicals company’s stock worth $417,000 after purchasing an additional 29 shares during the period. Gilman Hill Asset Management LLC lifted its stake in shares of Sherwin-Williams Company (The) by 9.0% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 1,398 shares of the specialty chemicals company’s stock worth $491,000 after acquiring an additional 115 shares during the period. Raub Brock Capital Management LP lifted its stake in shares of Sherwin-Williams Company (The) by 0.4% in the 2nd quarter. Raub Brock Capital Management LP now owns 47,601 shares of the specialty chemicals company’s stock worth $16,706,000 after acquiring an additional 202 shares during the period. First Midwest Bank Trust Division lifted its stake in shares of Sherwin-Williams Company (The) by 96.9% in the 2nd quarter. First Midwest Bank Trust Division now owns 11,671 shares of the specialty chemicals company’s stock worth $4,097,000 after acquiring an additional 5,745 shares during the period. Finally, Parametrica Management Ltd acquired a new stake in shares of Sherwin-Williams Company (The) in the 2nd quarter worth $507,000. Hedge funds and other institutional investors own 73.56% of the company’s stock.

Sherwin-Williams Company (SHW) traded up $0.43 during trading hours on Friday, reaching $390.56. 325,700 shares of the company’s stock traded hands, compared to its average volume of 634,438. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. Sherwin-Williams Company has a 52-week low of $261.65 and a 52-week high of $398.22. The stock has a market cap of $36,522.79, a P/E ratio of 28.14, a P/E/G ratio of 2.18 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.23 earnings per share. sell-side analysts predict that Sherwin-Williams Company will post 15.04 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.87%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 29.90%.

In other news, insider Joel D. Baxter sold 2,376 shares of Sherwin-Williams Company (The) stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the sale, the insider now directly owns 3,302 shares in the company, valued at $1,285,336.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.69% of the company’s stock.

SHW has been the subject of several recent analyst reports. Robert W. Baird restated a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. Morgan Stanley set a $425.00 target price on shares of Sherwin-Williams Company (The) and gave the stock an “overweight” rating in a research note on Wednesday, October 4th. KeyCorp restated an “overweight” rating and issued a $440.00 target price (up previously from $415.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, October 4th. Longbow Research restated a “buy” rating and issued a $440.00 target price (up previously from $400.00) on shares of Sherwin-Williams Company (The) in a research note on Monday, October 9th. Finally, Royal Bank Of Canada raised their target price on shares of Sherwin-Williams Company (The) from $390.00 to $423.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $398.25.

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Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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

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