The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,380 shares of the specialty chemicals company’s stock after selling 107 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Sherwin-Williams were worth $5,870,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Griffin Asset Management Inc. raised its stake in Sherwin-Williams by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock valued at $3,548,000 after acquiring an additional 26 shares during the last quarter. Conning Inc. increased its stake in Sherwin-Williams by 1.9% in the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after buying an additional 30 shares during the period. Oxbow Advisors LLC boosted its holdings in shares of Sherwin-Williams by 4.5% in the second quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock valued at $206,000 after acquiring an additional 30 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in Sherwin-Williams by 2.2% during the second quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock worth $419,000 after purchasing an additional 30 shares in the last quarter. Finally, Optas LLC boosted its holdings in Sherwin-Williams by 1.3% in the 2nd quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after purchasing an additional 32 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. The Goldman Sachs Group boosted their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Jefferies Financial Group lifted their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Robert W. Baird raised their price target on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $383.35.

Sherwin-Williams Trading Down 1.4 %

Shares of Sherwin-Williams stock traded down $5.30 during trading hours on Monday, reaching $383.06. The stock had a trading volume of 790,141 shares, compared to its average volume of 1,525,826. The firm has a market capitalization of $97.12 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 3.01 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $392.57. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The firm has a 50 day simple moving average of $370.58 and a two-hundred day simple moving average of $333.87.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the firm posted $3.29 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.5 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

About Sherwin-Williams

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.