The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,447 shares of the specialty chemicals company's stock after selling 2,453 shares during the quarter. Sherwin-Williams comprises approximately 1.7% of Dearborn Partners LLC's portfolio, making the stock its 18th biggest holding. Dearborn Partners LLC's holdings in Sherwin-Williams were worth $41,009,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SHW. Valued Wealth Advisors LLC increased its holdings in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 32 shares during the period. HHM Wealth Advisors LLC grew its position in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock worth $27,000 after acquiring an additional 45 shares during the last quarter. First Personal Financial Services bought a new stake in Sherwin-Williams during the 3rd quarter valued at $29,000. Semmax Financial Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 136.4% during the second 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 period. Finally, VitalStone Financial LLC lifted its holdings in Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company's stock worth $33,000 after buying an additional 77 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 18.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on SHW shares. Morgan Stanley upped their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. KeyCorp reiterated a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. Redburn Atlantic upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. One equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average target price of $396.47.

Sherwin-Williams Stock Down 2.1 %

Shares of Sherwin-Williams stock traded down $8.27 during trading on Friday, hitting $380.19. 973,090 shares of the stock were exchanged, compared to its average volume of 1,631,153. The firm's 50-day moving average price is $376.06 and its 200 day moving average price is $341.19. The stock has a market cap of $95.75 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $264.54 and a 12-month high of $392.57. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

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 (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 analyst estimates of $6.20 billion. During the same quarter in the previous year, the company posted $3.20 EPS. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams's payout ratio is 28.49%.

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.