The Sherwin-Williams Company $SHW Shares Sold by Vestcor Inc

Vestcor Inc trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 33.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,642 shares of the specialty chemicals company’s stock after selling 4,306 shares during the period. Vestcor Inc’s holdings in Sherwin-Williams were worth $2,992,000 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 SHW. Cordatus Wealth Management LLC lifted its position in Sherwin-Williams by 149.4% during the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after acquiring an additional 5,744 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Sherwin-Williams by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after buying an additional 17,422 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in Sherwin-Williams by 26.1% during the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock worth $10,709,000 after purchasing an additional 6,408 shares during the last quarter. Inscription Capital LLC bought a new position in Sherwin-Williams in the third quarter valued at about $1,069,000. Finally, Vanguard Group Inc. grew its holdings in shares of Sherwin-Williams by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after purchasing an additional 246,008 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.8%

Shares of SHW stock opened at $330.57 on Wednesday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The stock has a market cap of $81.77 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.89 and a beta of 1.25. The stock has a 50-day moving average of $352.42 and a 200-day moving average of $345.21.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.80 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is currently 31.16%.

Analyst Ratings Changes

SHW has been the subject of several research reports. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Mizuho increased their price target on Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada set a $390.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Friday, January 30th. UBS Group set a $420.00 target price on Sherwin-Williams in a research report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.21.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the transaction, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.