Cullen Frost Bankers Inc. Sells 596 Shares of The Sherwin-Williams Company $SHW

Cullen Frost Bankers Inc. decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,020 shares of the specialty chemicals company’s stock after selling 596 shares during the period. Cullen Frost Bankers Inc.’s holdings in Sherwin-Williams were worth $27,819,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SHW. Argonautica Private Wealth Management Inc. purchased a new stake in Sherwin-Williams during the second quarter valued at about $3,610,000. Whittier Trust Co. raised its position in Sherwin-Williams by 1.4% during the second quarter. Whittier Trust Co. now owns 46,566 shares of the specialty chemicals company’s stock valued at $15,988,000 after purchasing an additional 622 shares in the last quarter. Triton Financial Group Inc purchased a new stake in Sherwin-Williams during the second quarter valued at about $1,441,000. Phoenix Financial Ltd. raised its position in Sherwin-Williams by 57.4% during the second quarter. Phoenix Financial Ltd. now owns 3,509 shares of the specialty chemicals company’s stock valued at $1,204,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC raised its position in Sherwin-Williams by 14.0% during the second quarter. Avidian Wealth Enterprises LLC now owns 959 shares of the specialty chemicals company’s stock valued at $329,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Up 2.2%

SHW opened at $338.66 on Wednesday. The company has a market cap of $84.44 billion, a P/E ratio of 33.60, a P/E/G ratio of 3.10 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The business’s 50-day moving average price is $352.34 and its 200-day moving average price is $347.88. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the company earned $3.70 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is 31.35%.

Analyst Ratings Changes

A number of research firms have weighed in on SHW. Mizuho lowered their price target on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Loop Capital lowered their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Citigroup restated a “neutral” rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Bank of America lowered their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lowered their price target on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.13.

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.