Logan Capital Management Inc. Sells 1,027 Shares of The Sherwin-Williams Company (NYSE:SHW)

Logan Capital Management Inc. lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,776 shares of the specialty chemicals company’s stock after selling 1,027 shares during the quarter. Sherwin-Williams makes up approximately 1.4% of Logan Capital Management Inc.’s portfolio, making the stock its 11th biggest holding. Logan Capital Management Inc.’s holdings in Sherwin-Williams were worth $35,028,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Sherwin-Williams by 1.8% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,383 shares of the specialty chemicals company’s stock valued at $778,000 after buying an additional 42 shares in the last quarter. Swedbank AB raised its holdings in Sherwin-Williams by 1.2% during the 2nd quarter. Swedbank AB now owns 112,374 shares of the specialty chemicals company’s stock valued at $33,536,000 after acquiring an additional 1,297 shares during the period. Coronation Fund Managers Ltd. lifted its position in shares of Sherwin-Williams by 17.7% during the second quarter. Coronation Fund Managers Ltd. now owns 6,936 shares of the specialty chemicals company’s stock worth $2,070,000 after acquiring an additional 1,044 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Sherwin-Williams by 50.0% in the second quarter. Blue Trust Inc. now owns 1,302 shares of the specialty chemicals company’s stock worth $389,000 after acquiring an additional 434 shares during the period. Finally, Brookstone Capital Management grew its position in shares of Sherwin-Williams by 13.2% in the second quarter. Brookstone Capital Management now owns 5,355 shares of the specialty chemicals company’s stock valued at $1,745,000 after purchasing an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SHW. Evercore ISI raised their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, Royal Bank of Canada reduced their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Sherwin-Williams Price Performance

Shares of SHW stock traded down $0.11 during trading hours on Friday, hitting $366.74. 89,251 shares of the company’s stock were exchanged, compared to its average volume of 1,636,153. The company has a market capitalization of $92.36 billion, a PE ratio of 36.54, a PEG ratio of 3.00 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. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The business’s 50 day simple moving average is $379.24 and its 200-day simple moving average is $351.37.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the business earned $3.20 EPS. Sherwin-Williams’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, November 15th. 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.