Quest Partners LLC Sells 1,717 Shares of The Sherwin-Williams Company (NYSE:SHW)

Quest Partners LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 24.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,392 shares of the specialty chemicals company's stock after selling 1,717 shares during the quarter. Quest Partners LLC's holdings in Sherwin-Williams were worth $2,058,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Nations Financial Group Inc. IA ADV raised its stake in Sherwin-Williams by 13.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company's stock valued at $694,000 after acquiring an additional 209 shares during the period. Tamar Securities LLC raised its position in shares of Sherwin-Williams by 3.4% in the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock valued at $18,608,000 after purchasing an additional 1,604 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Sherwin-Williams by 7.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company's stock valued at $787,000 after buying an additional 193 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in Sherwin-Williams by 24.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company's stock worth $2,329,000 after buying an additional 1,514 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Sherwin-Williams by 4.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company's stock valued at $37,449,000 after buying an additional 4,074 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

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 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 approximately $23,301,041.60. The trade was a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SHW shares. Barclays lifted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a report on Friday, October 18th. Citigroup dropped their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. KeyCorp restated a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Finally, Evercore ISI increased their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. One equities research 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 company has an average rating of "Moderate Buy" and a consensus target price of $396.47.

Sherwin-Williams Stock Performance

Shares of SHW stock traded down $1.85 during mid-day trading on Tuesday, reaching $373.50. 1,643,103 shares of the company's stock traded hands, compared to its average volume of 1,634,021. 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 firm has a market capitalization of $94.07 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 3.05 and a beta of 1.17. The Sherwin-Williams Company has a 12 month low of $269.28 and a 12 month high of $392.57. The firm has a 50 day moving average price of $376.65 and a two-hundred day moving average price of $342.76.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly 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 company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the firm posted $3.20 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date 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 (DPR) is presently 28.49%.

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.