The Sherwin-Williams Company (NYSE:SHW) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 99.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,850 shares of the specialty chemicals company's stock after selling 724,855 shares during the quarter. International Assets Investment Management LLC's holdings in Sherwin-Williams were worth $616,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SHW. HHM Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after acquiring an additional 45 shares during the last quarter. LPL Financial LLC grew its stake in shares of Sherwin-Williams by 5.4% during the 2nd quarter. LPL Financial LLC now owns 182,450 shares of the specialty chemicals company's stock valued at $54,449,000 after buying an additional 9,387 shares during the period. Main Street Financial Solutions LLC increased its holdings in shares of Sherwin-Williams by 1.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,445 shares of the specialty chemicals company's stock worth $730,000 after buying an additional 40 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth $41,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Sherwin-Williams by 192.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company's stock valued at $116,322,000 after acquiring an additional 258,511 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Down 2.3 %

NYSE SHW traded down $7.62 during trading hours on Friday, reaching $329.92. 1,685,150 shares of the company traded hands, compared to its average volume of 1,744,258. The company has a 50 day moving average of $367.32 and a two-hundred day moving average of $358.10. The stock has a market capitalization of $83.09 billion, a PE ratio of 32.86, a PEG ratio of 2.94 and a beta of 1.22. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month 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 issued its quarterly earnings results 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 return on equity of 74.45% and a net margin of 11.09%. 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 previous year, the business posted $3.20 EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, November 15th. Sherwin-Williams's dividend payout ratio is presently 28.49%.

Analyst Ratings Changes

A number of equities analysts have recently commented on SHW shares. Morgan Stanley raised their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Mizuho dropped their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday. BMO Capital Markets lifted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $402.25.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the firm'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 sale, the senior vice president now directly owns 6,329 shares in the company, 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 filing with the SEC, which can be accessed through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the company's stock in a transaction dated 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 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 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.