Aureus Asset Management LLC Cuts Stake in The Sherwin-Williams Company (NYSE:SHW)

Aureus Asset Management LLC cut its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 72.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,710 shares of the specialty chemicals company's stock after selling 47,249 shares during the period. Aureus Asset Management LLC's holdings in Sherwin-Williams were worth $6,760,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Sherwin-Williams during the 3rd quarter worth approximately $2,487,000. Kestra Investment Management LLC acquired a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $227,000. Point72 Hong Kong Ltd grew its position in shares of Sherwin-Williams by 130.0% during the third quarter. Point72 Hong Kong Ltd now owns 33,725 shares of the specialty chemicals company's stock worth $12,872,000 after acquiring an additional 19,059 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $32,000. Finally, Erste Asset Management GmbH acquired a new stake in Sherwin-Williams during the 3rd quarter worth $41,232,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

NYSE:SHW traded down $1.82 during trading hours on Monday, reaching $395.58. 1,386,861 shares of the company traded hands, compared to its average volume of 1,643,859. The Sherwin-Williams Company has a 1-year low of $278.45 and a 1-year high of $400.42. The stock has a market cap of $99.63 billion, a P/E ratio of 39.58, a P/E/G ratio of 3.20 and a beta of 1.17. The firm's 50-day moving average is $378.94 and its 200-day moving average is $347.31. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 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 previous year, the firm posted $3.20 EPS. The company's revenue for the quarter was up .7% compared to the same quarter last year. 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 will be paid on Friday, December 6th. Shareholders 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 annualized dividend and a yield of 0.72%. Sherwin-Williams's payout ratio is currently 28.49%.

Insider Buying and Selling at Sherwin-Williams

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Evercore ISI upped their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. KeyCorp reaffirmed a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Barclays boosted 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. Citigroup decreased their price target on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Finally, BMO Capital Markets boosted their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $396.47.

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.