The Sherwin-Williams Company (NYSE:SHW) Stake Decreased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,775 shares of the specialty chemicals company's stock after selling 7,720 shares during the period. Worldquant Millennium Advisors LLC owned about 0.06% of Sherwin-Williams worth $52,966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SHW. Valued Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after buying an additional 32 shares during the period. HHM Wealth Advisors LLC grew its holdings in 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 during the period. First Personal Financial Services acquired a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $29,000. Semmax Financial Advisors Inc. increased its stake 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 acquiring an additional 60 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SHW shares. Evercore ISI increased their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Jefferies Financial Group lifted their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a report on Monday, August 26th. Citigroup dropped their price target on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Barclays lifted their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $396.47.

Sherwin-Williams Stock Down 0.1 %

Shares of NYSE:SHW traded down $0.28 during midday trading on Friday, reaching $384.96. The company had a trading volume of 1,909,970 shares, compared to its average volume of 2,331,429. The stock has a market capitalization of $96.95 billion, a P/E ratio of 38.34, a PEG ratio of 3.16 and a beta of 1.19. The stock's fifty day moving average price is $379.74 and its 200-day moving average price is $349.03. 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 Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the firm posted $3.20 EPS. Sherwin-Williams's revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, November 15th. Sherwin-Williams's dividend payout ratio is presently 28.49%.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the company's stock in a transaction 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 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. Insiders own 0.60% of the company's stock.

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.