The Sherwin-Williams Company $SHW Stock Position Decreased by Jacobsen Capital Management

Jacobsen Capital Management lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,670 shares of the specialty chemicals company’s stock after selling 88 shares during the period. Jacobsen Capital Management’s holdings in Sherwin-Williams were worth $573,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Synergy Investment Management LLC grew its holdings in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 70 shares in the last quarter. Valley National Advisers Inc. grew its position in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams during the 1st quarter valued at about $30,000. Salomon & Ludwin LLC bought a new stake in shares of Sherwin-Williams during the 2nd quarter worth about $31,000. Finally, Saudi Central Bank acquired a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $338.66 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a market cap of $84.44 billion, a PE ratio of 33.60, a PEG ratio of 3.10 and a beta of 1.20. The stock’s 50-day moving average price is $352.34 and its two-hundred day moving average price is $347.88.

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

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s payout ratio is presently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on 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 directly owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHW. Bank of America dropped their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Citigroup reissued a “neutral” rating and issued a $380.00 price objective (up previously from $375.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. BMO Capital Markets decreased their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. Finally, Loop Capital reduced their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $387.13.

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.