Bridgewater Associates LP Sells 17,645 Shares of The Sherwin-Williams Company (NYSE:SHW)

Bridgewater Associates LP cut its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 95.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 846 shares of the specialty chemicals company's stock after selling 17,645 shares during the quarter. Bridgewater Associates LP's holdings in Sherwin-Williams were worth $323,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Griffin Asset Management Inc. grew its position in shares of Sherwin-Williams by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock worth $3,548,000 after buying an additional 26 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock worth $458,000 after buying an additional 28 shares during the period. GHP Investment Advisors Inc. grew its position in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after buying an additional 28 shares during the period. Allworth Financial LP grew its position in shares of Sherwin-Williams by 1.8% in the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock worth $595,000 after buying an additional 28 shares during the period. Finally, First Interstate Bank grew its position in shares of Sherwin-Williams by 1.9% in the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after buying an additional 28 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams 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 transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction on Tuesday, November 26th. The stock was 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 directly owns 29,205 shares of the company's stock, valued at $11,621,253.60. The trade was 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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Evercore ISI upped their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Morgan Stanley increased 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. Wells Fargo & Company increased their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Citigroup cut their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, Barclays increased their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $396.47.

Sherwin-Williams Price Performance

SHW traded down $3.44 during trading on Wednesday, reaching $391.88. 396,092 shares of the company traded hands, compared to its average volume of 1,638,643. 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 12-month low of $278.45 and a 12-month high of $400.42. The firm has a fifty day simple moving average of $379.49 and a 200 day simple moving average of $348.47. The company has a market cap of $98.70 billion, a P/E ratio of 39.38, a PEG ratio of 3.19 and a beta of 1.19.

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

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

About Sherwin-Williams

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.