Vaughan Nelson Investment Management L.P. Has $130.42 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Vaughan Nelson Investment Management L.P. decreased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 33.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 341,710 shares of the specialty chemicals company's stock after selling 169,925 shares during the quarter. Sherwin-Williams makes up about 1.2% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 27th largest position. Vaughan Nelson Investment Management L.P. owned approximately 0.14% of Sherwin-Williams worth $130,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SHW. PineStone Asset Management Inc. grew its holdings in Sherwin-Williams by 132.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company's stock worth $480,291,000 after acquiring an additional 917,979 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Sherwin-Williams by 610.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company's stock valued at $311,971,000 after purchasing an additional 898,143 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Sherwin-Williams by 40,317.4% in the third quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company's stock valued at $277,361,000 after purchasing an additional 724,907 shares in the last quarter. Jensen Investment Management Inc. bought a new position in Sherwin-Williams in the 2nd quarter worth approximately $169,770,000. Finally, 1832 Asset Management L.P. raised its position in Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company's stock worth $422,654,000 after purchasing an additional 496,326 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 $8.74 during trading hours on Friday, reaching $378.99. 1,722,807 shares of the stock were exchanged, compared to its average volume of 2,673,585. The stock has a market cap of $95.45 billion, a PE ratio of 37.75, a PEG ratio of 3.05 and a beta of 1.17. The Sherwin-Williams Company has a twelve month low of $264.54 and a twelve month high of $392.57. The firm has a 50 day moving average of $376.42 and a 200 day moving average of $341.99. 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 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 business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the company posted $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 business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued 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 0.75%. Sherwin-Williams's payout ratio is presently 28.49%.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective 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. Jefferies Financial Group lifted 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. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average price target of $396.47.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company's stock.

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.