The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 784,476 shares of the specialty chemicals company’s stock after selling 153,443 shares during the quarter. Wellington Management Group LLP owned about 0.31% of Sherwin-Williams worth $299,411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Investment Advisors LLC lifted its stake in shares of Sherwin-Williams by 7.0% during the second quarter. Capital Investment Advisors LLC now owns 731 shares of the specialty chemicals company’s stock worth $218,000 after buying an additional 48 shares during the period. Czech National Bank lifted its holdings in shares of Sherwin-Williams by 7.3% during the second quarter. Czech National Bank now owns 44,451 shares of the specialty chemicals company’s stock worth $13,266,000 after purchasing an additional 3,017 shares during the period. Chatham Capital Group Inc. boosted its position in Sherwin-Williams by 1.0% in the second quarter. Chatham Capital Group Inc. now owns 4,006 shares of the specialty chemicals company’s stock valued at $1,196,000 after buying an additional 41 shares during the last quarter. Strong Tower Advisory Services increased its holdings in Sherwin-Williams by 17.1% in the 2nd quarter. Strong Tower Advisory Services now owns 5,905 shares of the specialty chemicals company’s stock worth $1,762,000 after buying an additional 861 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in Sherwin-Williams by 1.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,401 shares of the specialty chemicals company’s stock worth $16,235,000 after buying an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 0.1 %

Shares of Sherwin-Williams stock opened at $384.96 on Friday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm’s 50-day moving average price is $379.78 and its 200 day moving average price is $349.83. 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 firm has a market capitalization of $96.95 billion, a PE ratio of 38.34, a P/E/G ratio of 3.16 and a beta of 1.19.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) 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 firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the firm earned $3.20 earnings per share. The business’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

Wall Street Analyst Weigh In

SHW has been the topic of a number of research reports. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Jefferies Financial Group increased their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Royal Bank of Canada dropped their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.