Fortem Financial Group LLC Lowers Position in The Sherwin-Williams Company (NYSE:SHW)

Fortem Financial Group LLC cut its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 82.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,021 shares of the specialty chemicals company's stock after selling 4,690 shares during the period. Fortem Financial Group LLC's holdings in Sherwin-Williams were worth $390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of SHW. Valued Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services purchased a new position in Sherwin-Williams during the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $32,000. GHP Investment Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after acquiring an additional 28 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock worth $27,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SHW shares. StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Jefferies Financial Group boosted their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a report on Monday, August 26th. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a report on Friday, October 18th. Evercore ISI boosted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Morgan Stanley raised their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $396.47.

Sherwin-Williams Price Performance

NYSE:SHW traded down $5.12 during trading hours on Thursday, hitting $366.82. 1,219,203 shares of the stock were exchanged, compared to its average volume of 1,642,605. The company has a market cap of $92.38 billion, a P/E ratio of 36.62, a P/E/G ratio of 3.10 and a beta of 1.19. The firm's fifty day moving average price is $379.37 and its 200 day moving average price is $351.26. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 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 period in the prior year, the company posted $3.20 earnings per share. The firm's revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.78%. Sherwin-Williams's payout ratio is presently 28.49%.

Insider Activity at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were 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 directly owns 29,205 shares of the company's stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. 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.