The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,571 shares of the specialty chemicals company's stock after selling 38,097 shares during the quarter. Natixis Advisors LLC owned approximately 0.16% of Sherwin-Williams worth $155,175,000 as of its most recent SEC filing.

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

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded down $8.74 during trading on Friday, hitting $378.99. 1,722,807 shares of the company's stock were exchanged, compared to its average volume of 1,634,530. The Sherwin-Williams Company has a 52-week low of $264.54 and a 52-week high of $392.57. 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 stock has a market capitalization of $95.45 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 3.12 and a beta of 1.17. The business has a 50-day simple moving average of $376.42 and a 200-day simple moving average of $341.69.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted 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 firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the firm earned $3.20 earnings per share. The business's revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current 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 given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SHW shares. Robert W. Baird boosted their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. BMO Capital Markets raised their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $396.47.

Insider Activity at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm'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 value of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is 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.