The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Atreides Management LP

Atreides Management LP lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 57.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,634 shares of the specialty chemicals company's stock after selling 128,317 shares during the quarter. Sherwin-Williams comprises 0.9% of Atreides Management LP's investment portfolio, making the stock its 28th biggest holding. Atreides Management LP's holdings in Sherwin-Williams were worth $36,119,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SHW. Nations Financial Group Inc. IA ADV raised its position in Sherwin-Williams by 13.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company's stock worth $694,000 after buying an additional 209 shares during the last quarter. Tamar Securities LLC grew its stake in Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock valued at $18,608,000 after acquiring an additional 1,604 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company's stock worth $787,000 after acquiring an additional 193 shares during the last quarter. Swedbank AB grew its position in shares of Sherwin-Williams by 4.2% in the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company's stock valued at $44,676,000 after purchasing an additional 4,681 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company's stock valued at $37,449,000 after buying an additional 4,074 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.5 %

Sherwin-Williams stock traded down $1.82 during trading on Monday, reaching $395.58. 1,386,861 shares of the company's stock were exchanged, compared to its average volume of 1,643,859. The company's 50-day moving average is $378.94 and its two-hundred day moving average is $347.31. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a 52-week low of $278.45 and a 52-week high of $400.42. The firm has a market cap of $99.63 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 3.20 and a beta of 1.17.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.72%. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

Insider Activity at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SHW. Barclays upped their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. KeyCorp restated a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. Wells Fargo & Company lifted their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Morgan Stanley boosted their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Finally, StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $396.47.

Sherwin-Williams Company 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.