The Sherwin-Williams Company $SHW Stock Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 348,343 shares of the specialty chemicals company’s stock after selling 11,487 shares during the quarter. Fifth Third Bancorp owned approximately 0.14% of Sherwin-Williams worth $112,609,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its stake in shares of Sherwin-Williams by 10.4% during the third quarter. Maryland State Retirement & Pension System now owns 13,781 shares of the specialty chemicals company’s stock valued at $4,455,000 after purchasing an additional 1,302 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Sherwin-Williams by 0.9% in the 3rd quarter. Ritholtz Wealth Management now owns 6,997 shares of the specialty chemicals company’s stock worth $2,262,000 after purchasing an additional 63 shares in the last quarter. Joel Isaacson & Co. LLC boosted its position in shares of Sherwin-Williams by 4.4% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 1,140 shares of the specialty chemicals company’s stock worth $369,000 after purchasing an additional 48 shares in the last quarter. Jacobi Capital Management LLC grew its stake in shares of Sherwin-Williams by 1.0% in the 3rd quarter. Jacobi Capital Management LLC now owns 3,156 shares of the specialty chemicals company’s stock worth $1,020,000 after buying an additional 30 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $3,870,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.0%

NYSE:SHW opened at $355.23 on Thursday. The stock has a market cap of $85.82 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.96 and a beta of 1.05. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00. The company’s 50 day moving average price is $330.77 and its 200-day moving average price is $333.10. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. Sherwin-Williams’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.59 earnings per share. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12.02 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SHW shares. Stephens lowered their price objective on Sherwin-Williams from $375.00 to $353.00 and set a “hold” rating for the company in a research note on Tuesday, September 22nd. Wells Fargo & Company set a $340.00 target price on Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Friday, September 25th. DA Davidson set a $390.00 target price on Sherwin-Williams and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Barclays set a $329.00 price target on Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, October 28th. Finally, Bank of America lifted their price target on Sherwin-Williams from $369.00 to $383.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $377.29.

Insider Transactions at Sherwin-Williams

In related news, SVP Bryan J. Young sold 1,314 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $345.71, for a total transaction of $454,262.94. Following the sale, the senior vice president directly owned 10,045 shares of the company’s stock, valued at $3,472,656.95. This trade represents a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Justin Binns sold 13,500 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 22,315 shares of company stock valued at $7,848,071. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Profile

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels. Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.