King Luther Capital Management Corp cut its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,228 shares of the specialty chemicals company’s stock after selling 500 shares during the period. King Luther Capital Management Corp’s holdings in Sherwin-Williams were worth $17,857,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Republic Investment Management Inc. grew its holdings in Sherwin-Williams by 14.9% during the 3rd quarter. First Republic Investment Management Inc. now owns 11,330 shares of the specialty chemicals company’s stock valued at $5,157,000 after buying an additional 1,465 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Sherwin-Williams by 12.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 2,202 shares of the specialty chemicals company’s stock valued at $1,002,000 after buying an additional 239 shares in the last quarter. Wealthsource Partners LLC purchased a new position in Sherwin-Williams during the 3rd quarter valued at about $207,000. C M Bidwell & Associates Ltd. purchased a new position in Sherwin-Williams during the 3rd quarter valued at about $130,000. Finally, People s United Financial Inc. grew its holdings in Sherwin-Williams by 35.8% during the 3rd quarter. People s United Financial Inc. now owns 706 shares of the specialty chemicals company’s stock valued at $322,000 after buying an additional 186 shares in the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

Shares of SHW stock opened at $406.60 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 2.19. Sherwin-Williams Co has a fifty-two week low of $355.28 and a fifty-two week high of $479.64. The company has a market capitalization of $38.07 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 1.66 and a beta of 1.38.

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

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

In related news, Director John M. Stropki acquired 675 shares of the stock in a transaction on Monday, October 29th. The stock was purchased at an average price of $375.00 per share, for a total transaction of $253,125.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.

A number of research firms have weighed in on SHW. Deutsche Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the company from $400.00 to $465.00 in a report on Tuesday. Longbow Research began coverage on Sherwin-Williams in a report on Friday, November 30th. They set a “neutral” rating for the company. Argus set a $480.00 target price on Sherwin-Williams and gave the company a “buy” rating in a report on Monday, October 29th. Buckingham Research reduced their target price on Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating for the company in a report on Friday, October 26th. Finally, Credit Suisse Group reduced their target price on Sherwin-Williams from $500.00 to $467.00 and set a “buy” rating for the company in a report on Friday, October 26th. Ten equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams has an average rating of “Buy” and a consensus target price of $469.65.

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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.

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

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