Janus Henderson Group PLC Decreases Position in The Sherwin-Williams Company (NYSE:SHW)

Janus Henderson Group PLC cut its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 83.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,015 shares of the specialty chemicals company's stock after selling 155,526 shares during the period. Janus Henderson Group PLC's holdings in Sherwin-Williams were worth $11,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Valued Wealth Advisors LLC boosted its stake 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 worth $26,000 after purchasing an additional 32 shares during the period. HHM Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 102.3% during the second 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 position in shares of Sherwin-Williams during the third quarter worth $29,000. Semmax Financial Advisors Inc. grew its stake in Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock valued at $31,000 after acquiring an additional 60 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Sherwin-Williams in the 3rd quarter valued at $32,000. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company's 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 completion of the sale, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. KeyCorp reissued a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. BMO Capital Markets raised their price target on Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Jefferies Financial Group lifted their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. StockNews.com downgraded Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Robert W. Baird boosted their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $396.47.

Sherwin-Williams Trading Down 2.2 %

SHW traded down $8.51 during trading hours on Monday, reaching $376.45. 2,337,475 shares of the company's stock traded hands, compared to its average volume of 1,644,813. 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 50-day moving average price of $379.68 and a 200 day moving average price of $350.64. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The firm has a market capitalization of $94.81 billion, a PE ratio of 37.49, a PEG ratio of 3.10 and a beta of 1.19.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.20 earnings per share. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams's dividend payout ratio is presently 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.