Private Advisor Group LLC reduced its holdings in Sherwin-Williams Co (NYSE:SHW) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,826 shares of the specialty chemicals company’s stock after selling 151 shares during the period. Private Advisor Group LLC’s holdings in Sherwin-Williams were worth $690,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SHW. Janus Henderson Group PLC increased its stake in Sherwin-Williams by 10,157.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock valued at $366,368,000 after buying an additional 1,033,725 shares during the last quarter. FMR LLC increased its stake in Sherwin-Williams by 18.1% in the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after buying an additional 621,190 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Sherwin-Williams by 222.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock valued at $171,109,000 after buying an additional 336,540 shares during the last quarter. Vanguard Group Inc. increased its stake in Sherwin-Williams by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after buying an additional 315,903 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Sherwin-Williams by 30.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after buying an additional 247,553 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Several research analysts have recently weighed in on SHW shares. KeyCorp restated a “buy” rating and set a $415.00 price objective on shares of Sherwin-Williams in a research note on Sunday, September 3rd. Wells Fargo & Company restated a “market perform” rating and set a $400.00 price objective (up from $360.00) on shares of Sherwin-Williams in a research note on Wednesday, October 25th. UBS boosted their price objective on shares of Sherwin-Williams from $375.00 to $395.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Citigroup boosted their price objective on shares of Sherwin-Williams from $405.00 to $442.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird restated a “buy” rating and set a $375.00 price objective on shares of Sherwin-Williams in a research note on Friday, September 1st. Two equities 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $402.32.

Shares of Sherwin-Williams Co (NYSE:SHW) traded up $2.38 during mid-day trading on Friday, hitting $408.85. 548,820 shares of the company traded hands, compared to its average volume of 408,221. The company has a market cap of $38,233.20, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 2.28 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. Sherwin-Williams Co has a 1-year low of $265.14 and a 1-year high of $413.98.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the consensus estimate 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 had a net margin of 7.82% and a return on equity of 58.02%. Sherwin-Williams’s revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.23 EPS. equities research analysts anticipate that Sherwin-Williams Co will post 15.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, November 16th. Sherwin-Williams’s payout ratio is 29.90%.

In related news, insider Joel D. Baxter sold 2,376 shares of Sherwin-Williams 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 owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Davisson sold 8,800 shares of Sherwin-Williams stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the sale, the insider now directly owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock valued at $5,969,846 in the last ninety days. 1.69% of the stock is currently owned by insiders.

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About Sherwin-Williams

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 (NYSE:SHW)

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