Wellington Management Group LLP Has $299.41 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Wellington Management Group LLP trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 16.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 784,476 shares of the specialty chemicals company's stock after selling 153,443 shares during the quarter. Wellington Management Group LLP owned about 0.31% of Sherwin-Williams worth $299,411,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SHW. Swmg LLC bought a new position in shares of Sherwin-Williams in the 3rd quarter valued at approximately $781,000. SageView Advisory Group LLC bought a new position in shares of Sherwin-Williams in the third quarter valued at approximately $297,000. Quantinno Capital Management LP lifted its stake in shares of Sherwin-Williams by 48.0% in the third quarter. Quantinno Capital Management LP now owns 31,988 shares of the specialty chemicals company's stock worth $12,209,000 after buying an additional 10,378 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in Sherwin-Williams by 3.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 109,766 shares of the specialty chemicals company's stock valued at $41,894,000 after buying an additional 3,200 shares during the last quarter. Finally, Port Capital LLC raised its holdings in Sherwin-Williams by 14.6% in the 3rd quarter. Port Capital LLC now owns 85,042 shares of the specialty chemicals company's stock worth $32,458,000 after acquiring an additional 10,805 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Royal Bank of Canada reduced their price objective on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Evercore ISI boosted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $396.47.

Insider Transactions at Sherwin-Williams

In related news, 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 value of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company's stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was 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 $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Price Performance

SHW stock traded down $0.28 during trading on Friday, hitting $384.96. The company had a trading volume of 1,909,970 shares, compared to its average volume of 2,331,429. The company has a fifty day moving average price of $379.78 and a two-hundred day moving average price of $349.83. 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 market cap of $96.95 billion, a P/E ratio of 38.34, a P/E/G ratio of 3.16 and a beta of 1.19. 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 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). The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.20 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

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.