Los Angeles Capital Management LLC Lowers Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Los Angeles Capital Management LLC trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 74.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,832 shares of the specialty chemicals company’s stock after selling 28,078 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Sherwin-Williams were worth $3,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SHW. Tamar Securities LLC increased its stake in Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after buying an additional 1,604 shares during the period. Valeo Financial Advisors LLC lifted its position in Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after purchasing an additional 193 shares during the period. Transcend Capital Advisors LLC boosted its holdings in Sherwin-Williams by 24.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after purchasing an additional 1,514 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Sherwin-Williams by 4.3% in the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after buying an additional 4,074 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth $3,018,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 1.4 %

Shares of Sherwin-Williams stock opened at $383.67 on Wednesday. The company has a fifty day moving average price of $374.60 and a 200 day moving average price of $339.99. 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 Sherwin-Williams Company has a twelve month low of $252.75 and a twelve month high of $392.57. The stock has a market cap of $96.63 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its earnings results 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). The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.20 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company 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 dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

Analyst Ratings Changes

SHW has been the topic of a number of research analyst reports. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Citigroup lowered their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada reduced their price objective on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price objective 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $396.47.

Insider Buying and Selling

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by 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.