Accent Capital Management LLC Trims Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Accent Capital Management LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 70.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353 shares of the specialty chemicals company’s stock after selling 845 shares during the quarter. Accent Capital Management LLC’s holdings in Sherwin-Williams were worth $135,000 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 boosted 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 worth $26,000 after acquiring an additional 32 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $29,000. GHP Investment Advisors Inc. grew its stake in shares of 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 buying an additional 28 shares during the period. HHM Wealth Advisors LLC increased its holdings in shares of Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 45 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Sherwin-Williams in the third quarter valued at $38,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s 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 owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 18.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on SHW shares. Evercore ISI upped their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Morgan Stanley raised their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $396.47.

Sherwin-Williams Stock Down 2.3 %

SHW stock opened at $378.99 on Friday. The firm has a market cap of $95.45 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 3.05 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $264.54 and a 1-year high of $392.57. The firm has a fifty day moving average price of $376.42 and a two-hundred day moving average price of $341.99. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the company earned $3.20 EPS. Sherwin-Williams’s quarterly revenue was up .7% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. Sherwin-Williams’s payout ratio is currently 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.