The Sherwin-Williams Company (NYSE:SHW) Holdings Decreased by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,190 shares of the specialty chemicals company's stock after selling 2,288 shares during the quarter. Confluence Investment Management LLC's holdings in Sherwin-Williams were worth $27,259,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SHW. Valued Wealth Advisors LLC boosted its position in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after buying an additional 32 shares during the last quarter. HHM Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after purchasing an additional 45 shares during the last quarter. First Personal Financial Services purchased a new position in Sherwin-Williams in the third quarter valued at about $29,000. Semmax Financial Advisors Inc. increased its holdings in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 60 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the third quarter worth $32,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Price Performance

SHW traded down $6.77 on Thursday, reaching $333.16. The company had a trading volume of 2,263,632 shares, compared to its average volume of 1,631,843. The company has a market capitalization of $83.91 billion, a P/E ratio of 33.18, a PEG ratio of 2.94 and a beta of 1.19. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The company has a fifty day moving average of $370.31 and a 200-day moving average of $356.23. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the business earned $3.20 earnings per share. The company's revenue was up .7% on a year-over-year basis. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a $0.715 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.86%. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup decreased their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Evercore ISI lifted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. KeyCorp reissued a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Wells Fargo & Company lifted their price objective 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. Finally, UBS Group reissued an "underperform" rating on shares of Sherwin-Williams in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $397.63.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was 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 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. 0.60% of the stock is owned by corporate insiders.

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.