The Sherwin-Williams Company (NYSE:SHW) Stock Position Raised by EP Wealth Advisors LLC

EP Wealth Advisors LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 358.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,848 shares of the specialty chemicals company's stock after acquiring an additional 13,952 shares during the quarter. EP Wealth Advisors LLC's holdings in Sherwin-Williams were worth $6,812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Griffin Asset Management Inc. boosted its stake in shares of Sherwin-Williams by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock worth $3,548,000 after purchasing an additional 26 shares during the last quarter. Allworth Financial LP lifted its stake 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 buying an additional 28 shares during the period. GHP Investment Advisors Inc. boosted its position in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 28 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in 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 acquiring an additional 28 shares during the period. Finally, First Interstate Bank raised its holdings in Sherwin-Williams by 1.9% in the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock valued at $560,000 after acquiring an additional 28 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.1 %

Shares of SHW traded down $0.28 during mid-day trading on Friday, reaching $384.96. 1,909,970 shares of the stock traded hands, compared to its average volume of 2,331,429. The stock has a fifty day simple moving average of $379.78 and a 200 day simple moving average of $350.13. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The firm has a market cap of $96.95 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 3.16 and a beta of 1.19.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion during 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 quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.20 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, November 15th. Sherwin-Williams's payout ratio is 28.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SHW shares. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group lifted their price target on Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a report on Monday, August 26th. JPMorgan Chase & Co. increased 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. Barclays boosted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $396.47.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction dated 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

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.