The Sherwin-Williams Company $SHW Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 551,143 shares of the specialty chemicals company’s stock after selling 47,813 shares during the quarter. Russell Investments Group Ltd. owned 0.23% of Sherwin-Williams worth $178,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Wilkerson Advisory Group LLC increased its holdings in shares of Sherwin-Williams by 172.4% in the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 50 shares during the period. GK Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter valued at about $25,000. Montgomery Financial Services LLC purchased a new stake in Sherwin-Williams during the 2nd quarter valued at about $29,000. Tacita Capital Inc purchased a new stake in Sherwin-Williams during the 2nd quarter valued at about $30,000. Finally, Eastern Bank grew its position in Sherwin-Williams by 50.8% during the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 30 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Sherwin-Williams news, SVP James R. Jaye sold 2,301 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $345.56, for a total value of $795,133.56. Following the completion of the sale, the senior vice president directly owned 6,936 shares in the company, valued at $2,396,804.16. This trade represents a 24.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Bryan J. Young sold 1,314 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $345.71, for a total value of $454,262.94. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,472,656.95. The trade was a 11.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 22,315 shares of company stock worth $7,848,071. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

SHW has been the topic of a number of analyst reports. Rothschild & Co Redburn lifted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Bank of America increased their price objective on Sherwin-Williams from $369.00 to $383.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. BMO Capital Markets restated an “outperform” rating on shares of Sherwin-Williams in a report on Monday, September 28th. DA Davidson set a $390.00 price target on shares of Sherwin-Williams and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, UBS Group reissued a “neutral” rating and set a $370.00 price target (up from $363.00) on shares of Sherwin-Williams in a research report on Wednesday, October 28th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.

Sherwin-Williams Price Performance

SHW opened at $350.81 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The stock has a market capitalization of $84.75 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. The stock’s 50 day moving average price is $331.16 and its 200-day moving average price is $333.11.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The business 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%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 EPS. On average, equities research analysts predict that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.80 per share. 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 payout ratio is presently 29.41%.

About Sherwin-Williams

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.