The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,454 shares of the specialty chemicals company’s stock after selling 2,522 shares during the quarter. Glenmede Trust Co. NA’s holdings in Sherwin-Williams were worth $62,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Freedom Investment Management Inc. acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at about $234,000. Townsquare Capital LLC lifted its position in Sherwin-Williams by 26.3% during the third quarter. Townsquare Capital LLC now owns 21,342 shares of the specialty chemicals company’s stock valued at $8,145,000 after buying an additional 4,444 shares in the last quarter. Cadence Bank grew its stake in Sherwin-Williams by 21.1% during the third quarter. Cadence Bank now owns 917 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 160 shares during the period. Avestar Capital LLC increased its position in shares of Sherwin-Williams by 4.4% in the third quarter. Avestar Capital LLC now owns 1,747 shares of the specialty chemicals company’s stock worth $667,000 after acquiring an additional 74 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of Sherwin-Williams by 4.7% in the 3rd quarter. Brooklyn Investment Group now owns 1,715 shares of the specialty chemicals company’s stock valued at $655,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In related news, 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 in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Allen J. Mistysyn sold 14,520 shares of the company’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 transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 18.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 0.9 %

NYSE:SHW opened at $396.14 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The company has a market capitalization of $99.77 billion, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 3.22 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $272.34 and a one year high of $400.31. The stock has a 50-day simple moving average of $377.90 and a 200 day simple moving average of $345.63.

Sherwin-Williams (NYSE:SHW) 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 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 in the previous year, the business posted $3.20 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm 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 dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.72%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent research reports. Barclays increased their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Evercore ISI increased their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

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.