Davis R M Inc. Sells 4,518 Shares of The Sherwin-Williams Company (NYSE:SHW)

Davis R M Inc. lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,387 shares of the specialty chemicals company’s stock after selling 4,518 shares during the quarter. Davis R M Inc.’s holdings in Sherwin-Williams were worth $28,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Ascent Group LLC raised its holdings in Sherwin-Williams by 62.5% in the 1st quarter. Ascent Group LLC now owns 1,583 shares of the specialty chemicals company’s stock worth $550,000 after acquiring an additional 609 shares during the period. Caxton Associates LP bought a new position in shares of Sherwin-Williams in the first quarter worth about $803,000. Interval Partners LP increased its stake in shares of Sherwin-Williams by 2.2% in the first quarter. Interval Partners LP now owns 74,693 shares of the specialty chemicals company’s stock worth $25,943,000 after purchasing an additional 1,635 shares during the period. Industrial Alliance Investment Management Inc. lifted its position in shares of Sherwin-Williams by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,472 shares of the specialty chemicals company’s stock worth $511,000 after purchasing an additional 62 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Sherwin-Williams by 1.7% during the 1st quarter. California State Teachers Retirement System now owns 410,702 shares of the specialty chemicals company’s stock valued at $142,649,000 after purchasing an additional 6,830 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of research analyst reports. Citigroup cut their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. BMO Capital Markets upped their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Finally, Jefferies Financial Group increased their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $396.47.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 18.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 1.3 %

SHW opened at $388.30 on Monday. The firm has a market cap of $97.79 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 3.13 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm’s 50-day simple moving average is $377.13 and its 200-day simple moving average is $344.54. The Sherwin-Williams Company has a twelve month low of $272.34 and a twelve month high of $392.57.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share 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 firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the company posted $3.20 earnings per share. Sherwin-Williams’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams’s payout ratio is 28.49%.

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.