The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Beaird Harris Wealth Management LLC

Beaird Harris Wealth Management LLC lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 40.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,492 shares of the specialty chemicals company's stock after selling 5,078 shares during the quarter. Beaird Harris Wealth Management LLC's holdings in Sherwin-Williams were worth $2,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Sherwin-Williams by 1.8% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,383 shares of the specialty chemicals company's stock worth $778,000 after purchasing an additional 42 shares in the last quarter. Swedbank AB raised its position in shares of Sherwin-Williams by 1.2% in the second quarter. Swedbank AB now owns 112,374 shares of the specialty chemicals company's stock valued at $33,536,000 after buying an additional 1,297 shares during the last quarter. Coronation Fund Managers Ltd. lifted its stake in shares of Sherwin-Williams by 17.7% in the second quarter. Coronation Fund Managers Ltd. now owns 6,936 shares of the specialty chemicals company's stock worth $2,070,000 after buying an additional 1,044 shares in the last quarter. Blue Trust Inc. boosted its position in Sherwin-Williams by 50.0% during the second quarter. Blue Trust Inc. now owns 1,302 shares of the specialty chemicals company's stock worth $389,000 after acquiring an additional 434 shares during the last quarter. Finally, Brookstone Capital Management grew its stake in Sherwin-Williams by 13.2% during the 2nd quarter. Brookstone Capital Management now owns 5,355 shares of the specialty chemicals company's stock valued at $1,745,000 after acquiring an additional 623 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.6 %

NYSE SHW traded down $2.35 during trading on Friday, reaching $364.50. 1,118,831 shares of the company's stock were exchanged, compared to its average volume of 1,640,481. The company has a 50 day moving average price of $379.24 and a two-hundred day moving average price of $351.37. The stock has a market cap of $91.80 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 3.00 and a beta of 1.19. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

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

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams's dividend payout ratio is presently 28.49%.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares of the company's stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the company's stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at approximately $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. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SHW has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Jefferies Financial Group raised 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. Citigroup decreased their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Evercore ISI raised their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Morgan Stanley upped their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.