The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,762 shares of the specialty chemicals company's stock after selling 2,633 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Sherwin-Williams were worth $47,618,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Griffin Asset Management Inc. raised its stake in Sherwin-Williams by 0.3% in the third quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock valued at $3,548,000 after buying an additional 26 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Sherwin-Williams by 1.8% during the third quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock valued at $595,000 after acquiring an additional 28 shares in the last quarter. GHP Investment Advisors Inc. raised 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 valued at $33,000 after purchasing an additional 28 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in Sherwin-Williams by 2.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock worth $458,000 after purchasing an additional 28 shares during the last quarter. Finally, First Interstate Bank increased its stake in Sherwin-Williams by 1.9% during the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock valued at $560,000 after purchasing an additional 28 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the sale, the senior vice president now directly owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on SHW. Jefferies Financial Group upped their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, August 26th. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Citigroup decreased their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada lowered their target price on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.47.

Sherwin-Williams Price Performance

Shares of SHW traded down $1.40 during trading hours on Tuesday, hitting $394.18. 390,247 shares of the stock were exchanged, compared to its average volume of 1,641,254. The stock's 50-day moving average price is $378.94 and its two-hundred day moving average price 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 company has a market cap of $99.27 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 3.20 and a beta of 1.19. The Sherwin-Williams Company has a 12-month low of $278.45 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). The business 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%. The business's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.20 earnings per share. Research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.73%. Sherwin-Williams's payout ratio is 28.49%.

Sherwin-Williams 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.