Los Angeles Capital Management LLC Trims Position in The Sherwin-Williams Company (NYSE:SHW)

Los Angeles Capital Management LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 74.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,832 shares of the specialty chemicals company's stock after selling 28,078 shares during the quarter. Los Angeles Capital Management LLC's holdings in Sherwin-Williams were worth $3,753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valued Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 32 shares during the last quarter. First Personal Financial Services bought a new position in shares of Sherwin-Williams in the third quarter worth about $29,000. GHP Investment Advisors Inc. raised its position in shares of Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after buying an additional 28 shares in the last quarter. HHM Wealth Advisors LLC increased its stake 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 worth $27,000 after purchasing an additional 45 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of 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 Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

SHW stock traded up $3.62 during trading on Wednesday, hitting $387.29. The company had a trading volume of 1,171,018 shares, compared to its average volume of 1,635,756. 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 business has a 50 day moving average of $375.00 and a 200 day moving average of $340.53. The Sherwin-Williams Company has a fifty-two week low of $258.52 and a fifty-two week high of $392.57. The firm has a market capitalization of $97.54 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 3.09 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion for 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%. Sherwin-Williams's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $3.20 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced 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 dividend payout ratio is currently 28.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Barclays increased their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $396.47.

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.