Trueblood Wealth Management LLC Cuts Position in The Sherwin-Williams Company (NYSE:SHW)

Trueblood Wealth Management LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,131 shares of the specialty chemicals company’s stock after selling 75 shares during the period. Trueblood Wealth Management LLC’s holdings in Sherwin-Williams were worth $813,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Brookstone Capital Management raised its holdings in shares of Sherwin-Williams by 20.6% during the 1st quarter. Brookstone Capital Management now owns 4,732 shares of the specialty chemicals company’s stock valued at $1,644,000 after buying an additional 808 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Sherwin-Williams during the first quarter worth approximately $231,000. Register Financial Advisors LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $120,000. Kathmere Capital Management LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at $306,000. Finally, OneAscent Financial Services LLC boosted its stake in shares of Sherwin-Williams by 3.5% in the 1st quarter. OneAscent Financial Services LLC now owns 2,619 shares of the specialty chemicals company’s stock valued at $910,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SHW. Wells Fargo & Company boosted their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Evercore ISI lowered their target price on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Citigroup decreased their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group increased their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $395.29.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $359.04 on Friday. The business has a fifty day simple moving average of $371.91 and a two-hundred day simple moving average of $334.83. The firm has a market capitalization of $91.03 billion, a P/E ratio of 38.28, a P/E/G ratio of 2.87 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $392.57.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the firm earned $3.20 EPS. The company’s revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that The Sherwin-Williams Company will post 11.31 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is 30.49%.

Sherwin-Williams Company 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.