HM Payson & Co. Has $7.95 Million Position in The Sherwin-Williams Company (NYSE:SHW)

HM Payson & Co. reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 20,816 shares of the specialty chemicals company’s stock after selling 305 shares during the period. HM Payson & Co.’s holdings in Sherwin-Williams were worth $7,945,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $952,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $59,000. Hudson Valley Investment Advisors Inc. ADV boosted its position in Sherwin-Williams by 1.7% in the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 20,061 shares of the specialty chemicals company’s stock valued at $7,657,000 after buying an additional 333 shares in the last quarter. SteelPeak Wealth LLC boosted its position in Sherwin-Williams by 790.9% in the third quarter. SteelPeak Wealth LLC now owns 1,176 shares of the specialty chemicals company’s stock valued at $449,000 after buying an additional 1,044 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in Sherwin-Williams by 2.4% in the third quarter. Pinnacle Associates Ltd. now owns 3,044 shares of the specialty chemicals company’s stock valued at $1,162,000 after buying an additional 71 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.2 %

Shares of SHW traded down $0.60 on Thursday, reaching $361.29. 22,118 shares of the company’s stock were exchanged, compared to its average volume of 1,529,775. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $91.60 billion, a P/E ratio of 38.59, a price-to-earnings-growth ratio of 2.89 and a beta of 1.17. The business has a 50 day moving average price of $372.35 and a two-hundred day moving average price of $335.91. The Sherwin-Williams Company has a 12 month low of $235.84 and a 12 month high of $392.57.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the firm earned $3.20 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is presently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SHW. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Citigroup reduced their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Morgan Stanley boosted their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Evercore ISI reduced their price target on shares of Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets boosted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $395.29.

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.