3,612 The Sherwin-Williams Company $SHW Shares Sold by Candriam S.C.A.

Candriam S.C.A. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.8% in the third quarter, Holdings Channel reports. The firm owned 17,887 shares of the specialty chemicals company’s stock after selling 3,612 shares during the quarter. Candriam S.C.A.’s holdings in Sherwin-Williams were worth $5,803,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHW. BlackRock Inc. bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at about $6,100,083,000. Wellington Management Group LLP increased its position in shares of Sherwin-Williams by 133.7% in the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after buying an additional 1,593,009 shares in the last quarter. Amundi raised its stake in Sherwin-Williams by 20.6% during the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock worth $705,497,000 after buying an additional 376,505 shares during the period. Bank of New York Mellon Corp acquired a new stake in Sherwin-Williams during the 2nd quarter worth $547,097,000. Finally, Legal & General Group Plc bought a new position in Sherwin-Williams during the second quarter worth about $459,652,000. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO James P. Lang sold 1,309 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $361.91, for a total value of $473,740.19. Following the transaction, the chief accounting officer directly owned 861 shares in the company, valued at approximately $311,604.51. This trade represents a 60.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,315 shares of company stock worth $7,848,071 in the last three months. Insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Down 0.7%

SHW stock opened at $355.59 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00. The business has a 50 day moving average price of $330.26 and a two-hundred day moving average price of $333.06. The company has a market cap of $85.91 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 2.98 and a beta of 1.04. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.59 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12.02 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.41%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SHW. Morgan Stanley reaffirmed an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. UBS Group reiterated a “neutral” rating and issued a $370.00 price target (up from $363.00) on shares of Sherwin-Williams in a report on Wednesday, October 28th. Royal Bank Of Canada lowered their price objective on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Finally, Stephens dropped their price objective on shares of Sherwin-Williams from $375.00 to $353.00 and set a “hold” rating on the stock in a report on Tuesday, September 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $377.29.

About Sherwin-Williams

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels. Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.