Jensen Investment Management Inc. Trims Holdings in The Sherwin-Williams Company (NYSE:SHW)

Jensen Investment Management Inc. lowered its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 541,451 shares of the specialty chemicals company's stock after selling 27,427 shares during the quarter. Sherwin-Williams accounts for 1.7% of Jensen Investment Management Inc.'s holdings, making the stock its 21st biggest position. Jensen Investment Management Inc. owned approximately 0.21% of Sherwin-Williams worth $206,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SHW. Valued Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 88.9% in the third 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 increased its stake in shares of Sherwin-Williams by 102.3% in 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 period. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the third quarter worth $29,000. Semmax Financial Advisors Inc. increased its stake in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock worth $31,000 after acquiring an additional 60 shares during the period. Finally, VitalStone Financial LLC increased its stake in shares of Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded up $2.67 during midday trading on Friday, hitting $386.67. The company's stock had a trading volume of 2,209,492 shares, compared to its average volume of 2,559,190. The business's 50 day simple moving average is $374.21 and its 200 day simple moving average is $339.14. 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 $97.38 billion, a P/E ratio of 38.51, 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 $251.69 and a 12-month high of $392.57.

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 the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $3.20 earnings per share. On average, analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, November 15th. Sherwin-Williams's payout ratio is currently 28.49%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays raised their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Redburn Atlantic upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Thursday, July 18th. Citigroup dropped their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Morgan Stanley raised their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Finally, Robert W. Baird raised their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. One 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $396.47.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by company 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.