NORTHSTAR ASSET MANAGEMENT Co Has $4.39 Million Holdings in The Sherwin-Williams Company $SHW

NORTHSTAR ASSET MANAGEMENT Co cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,789 shares of the specialty chemicals company’s stock after selling 90 shares during the quarter. Sherwin-Williams accounts for about 1.0% of NORTHSTAR ASSET MANAGEMENT Co’s portfolio, making the stock its 23rd largest position. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Sherwin-Williams were worth $4,391,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SHW. Brighton Jones LLC grew its stake in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Sherwin-Williams by 19.8% in the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock worth $1,636,000 after purchasing an additional 773 shares during the last quarter. Spire Wealth Management grew its stake in shares of Sherwin-Williams by 14.0% in the first quarter. Spire Wealth Management now owns 6,102 shares of the specialty chemicals company’s stock worth $2,131,000 after purchasing an additional 749 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Sherwin-Williams by 387.6% in the first quarter. Golden State Wealth Management LLC now owns 668 shares of the specialty chemicals company’s stock worth $233,000 after purchasing an additional 531 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in Sherwin-Williams by 12.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 869 shares of the specialty chemicals company’s stock valued at $304,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock opened at $333.64 on Friday. The stock has a market capitalization of $83.19 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 3.11 and a beta of 1.20. The company’s 50-day moving average is $350.33 and its 200-day moving average is $347.98. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the company earned $3.70 EPS. Sherwin-Williams’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. UBS Group reaffirmed a “buy” rating and set a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Wells Fargo & Company set a $395.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Friday. Finally, Bank of America cut their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.13.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares of the company’s stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company 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.