State Street Corp Sells 201,141 Shares of The Sherwin-Williams Company (NYSE:SHW)

State Street Corp decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,886,696 shares of the specialty chemicals company's stock after selling 201,141 shares during the quarter. State Street Corp owned about 3.93% of Sherwin-Williams worth $3,773,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock valued at $2,474,238,000 after purchasing an additional 999,164 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company's stock worth $480,291,000 after buying an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Sherwin-Williams by 610.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company's stock valued at $311,971,000 after buying an additional 898,143 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Sherwin-Williams by 40,317.4% during the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company's stock valued at $277,361,000 after acquiring an additional 724,907 shares in the last quarter. Finally, Jensen Investment Management Inc. purchased a new position in Sherwin-Williams during the 2nd quarter worth $169,770,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised 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. Wells Fargo & Company boosted their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. BMO Capital Markets increased their price target on Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research report on Monday, September 30th. KeyCorp reissued a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Finally, Robert W. Baird raised their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $396.47.

Sherwin-Williams Stock Performance

SHW stock traded down $0.35 during midday trading on Friday, reaching $384.89. 1,909,970 shares of the company's stock traded hands, compared to its average volume of 1,642,243. The firm has a market capitalization of $96.93 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 3.19 and a beta of 1.19. The company has a 50-day moving average price of $379.74 and a two-hundred day moving average price of $349.03. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 the consensus estimate of $6.20 billion. During the same quarter in the previous year, the firm posted $3.20 earnings per share. The business's revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts anticipate 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 given 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 0.74%. Sherwin-Williams's dividend payout ratio (DPR) is currently 28.49%.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares of the company's stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

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.