The Sherwin-Williams Company (NYSE:SHW) Stake Lessened by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 355,915 shares of the specialty chemicals company's stock after selling 5,062 shares during the period. Stifel Financial Corp owned 0.14% of Sherwin-Williams worth $135,859,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Valued Wealth Advisors LLC boosted its position in Sherwin-Williams by 88.9% during the 3rd 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 period. HHM Wealth Advisors LLC boosted its position in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock worth $27,000 after purchasing an additional 45 shares during the period. First Personal Financial Services purchased a new stake in Sherwin-Williams during the 3rd quarter worth $29,000. Semmax Financial Advisors Inc. boosted its position in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 60 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter worth $32,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sherwin-Williams 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction that occurred on 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 $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. UBS Group reissued an "underperform" rating on shares of Sherwin-Williams in a research report on Friday, October 18th. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Royal Bank of Canada decreased their price objective 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. Finally, Morgan Stanley upped their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $396.47.

Sherwin-Williams Stock Performance

SHW traded down $0.35 on Friday, hitting $384.89. 1,909,970 shares of the company's stock were exchanged, compared to its average volume of 1,642,243. The firm has a market cap of $96.93 billion, a PE ratio of 38.34, a P/E/G ratio of 3.19 and a beta of 1.19. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The stock has a fifty day moving average of $379.74 and a two-hundred day moving average of $349.03. 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 released its quarterly earnings data 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). The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $3.20 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.

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.