Slow Capital Inc. Sells 387 Shares of The Sherwin-Williams Company (NYSE:SHW)

Slow Capital Inc. lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,780 shares of the specialty chemicals company’s stock after selling 387 shares during the quarter. Slow Capital Inc.’s holdings in Sherwin-Williams were worth $4,878,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Friedenthal Financial bought a new position in Sherwin-Williams during the third quarter worth about $50,000. Blue Trust Inc. boosted its position in shares of Sherwin-Williams by 81.9% in the third quarter. Blue Trust Inc. now owns 2,368 shares of the specialty chemicals company’s stock valued at $904,000 after acquiring an additional 1,066 shares during the period. Sage Financial Management Group Inc. bought a new position in shares of Sherwin-Williams in the third quarter valued at approximately $1,787,000. Stratos Wealth Partners LTD. boosted its position in shares of Sherwin-Williams by 8.1% in the third quarter. Stratos Wealth Partners LTD. now owns 38,715 shares of the specialty chemicals company’s stock valued at $14,776,000 after acquiring an additional 2,914 shares during the period. Finally, OmniStar Financial Group Inc. bought a new position in shares of Sherwin-Williams in the third quarter valued at approximately $853,000. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SHW. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Barclays raised their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $383.35.

Sherwin-Williams Stock Down 0.2 %

Shares of NYSE SHW opened at $388.36 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $392.57. The firm’s fifty day moving average is $370.58 and its 200 day moving average is $333.88. The company has a market cap of $97.97 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 3.01 and a beta of 1.17.

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

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.15%.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction on 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 owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

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.