Wrapmanager Inc. Sells 225 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wrapmanager Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 28.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 558 shares of the specialty chemicals company’s stock after selling 225 shares during the quarter. Wrapmanager Inc.’s holdings in Sherwin-Williams were worth $213,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. OneAscent Financial Services LLC purchased a new position in Sherwin-Williams in the 3rd quarter worth approximately $910,000. Chesapeake Wealth Management grew its position in Sherwin-Williams by 2.4% in the third quarter. Chesapeake Wealth Management now owns 3,064 shares of the specialty chemicals company’s stock worth $1,169,000 after acquiring an additional 71 shares in the last quarter. Caprock Group LLC increased its stake in Sherwin-Williams by 8.5% in the third quarter. Caprock Group LLC now owns 6,315 shares of the specialty chemicals company’s stock valued at $2,410,000 after acquiring an additional 497 shares during the last quarter. OneAscent Wealth Management LLC purchased a new stake in Sherwin-Williams during the third quarter valued at about $1,373,000. Finally, Meeder Advisory Services Inc. lifted its stake in Sherwin-Williams by 0.9% during the third quarter. Meeder Advisory Services Inc. now owns 5,076 shares of the specialty chemicals company’s stock worth $1,937,000 after purchasing an additional 44 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI increased their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada decreased 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 note on Thursday, October 24th. 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 report on Monday, August 26th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. One equities 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 given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Sherwin-Williams Trading Down 0.5 %

NYSE:SHW opened at $373.49 on Wednesday. The Sherwin-Williams Company has a 12 month low of $269.28 and a 12 month high of $392.57. 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 moving average price of $376.69 and a 200-day moving average price of $343.20. The stock has a market cap of $94.06 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 3.05 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted 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 net margin of 11.09% and a return on equity of 74.45%. 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 previous year, the firm posted $3.20 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Equities analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.77%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

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.