The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Northstar Advisory Group LLC

Northstar Advisory Group LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,951 shares of the specialty chemicals company's stock after selling 1,605 shares during the quarter. Northstar Advisory Group LLC's holdings in Sherwin-Williams were worth $1,343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Nations Financial Group Inc. IA ADV boosted its position in shares of Sherwin-Williams by 13.0% in the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company's stock worth $694,000 after acquiring an additional 209 shares during the last quarter. Tamar Securities LLC boosted its holdings in shares of Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock valued at $18,608,000 after purchasing an additional 1,604 shares during the last quarter. Swedbank AB grew its stake in shares of Sherwin-Williams by 4.2% during the 3rd quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company's stock valued at $44,676,000 after buying an additional 4,681 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth $6,424,000. Finally, Handelsbanken Fonder AB increased its holdings in shares of Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company's stock worth $37,449,000 after buying an additional 4,074 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW traded up $6.20 during mid-day trading on Monday, hitting $336.36. The stock had a trading volume of 1,409,344 shares, compared to its average volume of 1,696,379. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The company has a market cap of $84.71 billion, a PE ratio of 33.50, a PEG ratio of 2.94 and a beta of 1.22. The company's fifty day simple moving average is $367.32 and its two-hundred day simple moving average is $358.53.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business 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 firm earned $3.20 EPS. The business's revenue for the quarter was up .7% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a $0.715 dividend. 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 0.85%. Sherwin-Williams's dividend payout ratio is currently 28.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams 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 owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Citigroup lowered 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. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Morgan Stanley raised their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Finally, KeyCorp restated a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average price target of $402.25.

About Sherwin-Williams

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.

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