Victory Capital Management Inc. Sells 3,688 Shares of The Sherwin-Williams Company (NYSE:SHW)

Victory Capital Management Inc. lessened its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,592 shares of the specialty chemicals company's stock after selling 3,688 shares during the period. Victory Capital Management Inc.'s holdings in Sherwin-Williams were worth $39,538,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SHW. Valued Wealth Advisors LLC lifted its position in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 32 shares during the last quarter. 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 valued at $27,000 after buying an additional 45 shares during the period. First Personal Financial Services bought a new stake in Sherwin-Williams in the 3rd quarter worth $29,000. Semmax Financial Advisors Inc. increased its position in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock valued at $31,000 after acquiring an additional 60 shares during the period. Finally, VitalStone Financial LLC raised its stake in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company's stock valued at $33,000 after acquiring an additional 77 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

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

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. StockNews.com lowered Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Morgan Stanley upped 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. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Citigroup decreased their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, October 24th. One equities 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 issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $396.47.

Sherwin-Williams Stock Down 2.3 %

SHW stock traded down $8.74 on Friday, reaching $378.99. 1,722,807 shares of the company traded hands, compared to its average volume of 1,634,530. The firm has a fifty day simple moving average of $376.42 and a 200-day simple moving average of $341.69. The company has a market cap of $95.45 billion, a P/E ratio of 37.75, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $264.54 and a one year high of $392.57. 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 issued its quarterly earnings results 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 company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. Sherwin-Williams's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.20 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.715 dividend. 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 dividend payout ratio (DPR) is presently 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.