The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 946 shares of the specialty chemicals company’s stock after selling 86 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Sherwin-Williams were worth $251,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. Arbor Capital Management Inc. ADV increased its holdings in shares of Sherwin-Williams by 1.0% in the second quarter. Arbor Capital Management Inc. ADV now owns 3,884 shares of the specialty chemicals company’s stock valued at $1,024,000 after purchasing an additional 38 shares during the last quarter. TrinityPoint Wealth LLC increased its stake in shares of Sherwin-Williams by 1.8% in the 2nd quarter. TrinityPoint Wealth LLC now owns 2,255 shares of the specialty chemicals company’s stock worth $599,000 after acquiring an additional 39 shares during the last quarter. Archer Investment Corp raised its holdings in shares of Sherwin-Williams by 19.5% during the 2nd quarter. Archer Investment Corp now owns 239 shares of the specialty chemicals company’s stock worth $63,000 after acquiring an additional 39 shares during the period. Financial Gravity Asset Management Inc. boosted its position in shares of Sherwin-Williams by 0.3% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 13,028 shares of the specialty chemicals company’s stock valued at $5,631,000 after acquiring an additional 41 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Sherwin-Williams by 0.4% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 10,777 shares of the specialty chemicals company’s stock valued at $2,862,000 after purchasing an additional 43 shares during the period. 75.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John G. Morikis acquired 2,125 shares of Sherwin-Williams stock in a transaction dated Wednesday, October 25th. The shares were acquired at an average cost of $237.60 per share, for a total transaction of $504,900.00. Following the acquisition, the chief executive officer now owns 317,270 shares of the company’s stock, valued at $75,383,352. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.55% of the stock is owned by insiders.

Sherwin-Williams Stock Up 1.0 %

Sherwin-Williams stock opened at $273.04 on Tuesday. The firm has a market capitalization of $69.89 billion, a P/E ratio of 29.23, a P/E/G ratio of 2.12 and a beta of 1.08. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 2.25. The Sherwin-Williams Company has a twelve month low of $205.43 and a twelve month high of $283.80. The stock’s fifty day simple moving average is $252.70 and its 200-day simple moving average is $254.94.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $3.20 EPS for the quarter, topping the consensus estimate of $2.77 by $0.43. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6 billion. Sherwin-Williams had a return on equity of 78.92% and a net margin of 10.50%. As a group, equities analysts expect that The Sherwin-Williams Company will post 10.3 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a $0.605 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.42 annualized dividend and a yield of 0.89%. Sherwin-Williams’s dividend payout ratio (DPR) is 25.91%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Sherwin-Williams from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Berenberg Bank raised their target price on Sherwin-Williams from $224.00 to $249.00 and gave the stock a “hold” rating in a research note on Friday, September 29th. Bank of America lowered Sherwin-Williams from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $300.00 to $275.00 in a research note on Wednesday, October 18th. Evercore ISI raised their price objective on Sherwin-Williams from $300.00 to $305.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Finally, Citigroup decreased their target price on shares of Sherwin-Williams from $310.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.44.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.