Pathstone Holdings LLC Sells 1,384 Shares of The Sherwin-Williams Company (NYSE:SHW)

Pathstone Holdings LLC lowered its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,661 shares of the specialty chemicals company's stock after selling 1,384 shares during the period. Pathstone Holdings LLC's holdings in Sherwin-Williams were worth $12,084,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Griffin Asset Management Inc. increased its position in Sherwin-Williams by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock valued at $3,548,000 after buying an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in Sherwin-Williams by 2.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock valued at $458,000 after buying an additional 28 shares in the last quarter. GHP Investment Advisors Inc. increased its position in 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. Allworth Financial LP increased its position in Sherwin-Williams by 1.8% during the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock valued at $595,000 after buying an additional 28 shares in the last quarter. Finally, First Interstate Bank increased its holdings in shares of Sherwin-Williams by 1.9% in the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 77.67% of the company's stock.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the 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 of the company's stock, valued at $23,301,041.60. This represents a 18.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Evercore ISI lifted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird lifted their target price on Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Barclays raised their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised their price target on Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target of $396.47.

Sherwin-Williams Trading Down 0.5 %

Shares of SHW stock opened at $371.66 on Thursday. The Sherwin-Williams Company has a 1 year low of $270.95 and a 1 year high of $392.57. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The stock's 50 day simple moving average is $376.69 and its two-hundred day simple moving average is $343.40. The company has a market cap of $93.60 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 3.01 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter last year, the company earned $3.20 earnings per share. The company's revenue for the quarter was up .7% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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 paid 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 0.77%. Sherwin-Williams's dividend payout ratio is 28.49%.

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.