Sequoia Financial Advisors LLC Sells 6,468 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sequoia Financial Advisors LLC cut its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,933 shares of the specialty chemicals company's stock after selling 6,468 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Sherwin-Williams were worth $18,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHW. HHM Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after buying an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. grew its holdings in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 60 shares during the last quarter. VitalStone Financial LLC grew its holdings in shares of Sherwin-Williams by 233.3% during the 2nd 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 during the last quarter. Anfield Capital Management LLC bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at approximately $38,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at approximately $41,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 5.4 %

Shares of Sherwin-Williams stock traded down $20.48 during trading on Tuesday, reaching $361.27. 4,720,360 shares of the company traded hands, compared to its average volume of 1,544,235. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $392.57. The company has a 50 day moving average price of $371.59 and a 200-day moving average price of $334.45. The firm has a market capitalization of $91.13 billion, a PE ratio of 36.83, a P/E/G ratio of 3.04 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the company earned $3.29 EPS. Sherwin-Williams's quarterly revenue was up .5% compared to the same quarter last year. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.49 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.79%. Sherwin-Williams's payout ratio is presently 29.15%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company'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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SHW shares. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a report on Friday. Jefferies Financial Group boosted their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a report on Monday, August 26th. The Goldman Sachs Group boosted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. KeyCorp reissued a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $383.35.

Sherwin-Williams Company 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.