Kentucky Retirement Systems Sells 1,410 Shares of The Sherwin-Williams Company (NYSE:SHW)

Kentucky Retirement Systems trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 8.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,168 shares of the specialty chemicals company’s stock after selling 1,410 shares during the period. Kentucky Retirement Systems’ holdings in Sherwin-Williams were worth $6,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 32 shares during the period. First Personal Financial Services bought a new stake in shares of Sherwin-Williams in the third quarter worth about $29,000. GHP Investment Advisors Inc. increased its holdings in Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the period. HHM Wealth Advisors LLC raised its position in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Sherwin-Williams in the 3rd quarter worth approximately $38,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Down 2.3 %

NYSE:SHW opened at $378.99 on Friday. The company has a market cap of $95.45 billion, a PE ratio of 37.75, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17. 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 company has a 50 day simple moving average of $376.42 and a two-hundred day simple moving average of $341.69. The Sherwin-Williams Company has a 12 month low of $264.54 and a 12 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 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 EPS. Research analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

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 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 directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on SHW. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Barclays increased their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Citigroup lowered their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, BMO Capital Markets increased their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $396.47.

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.