The Sherwin-Williams Company $SHW Stock: Compass Capital Management Inc. Decreases Position

Compass Capital Management Inc. lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,571 shares of the specialty chemicals company’s stock after selling 4,835 shares during the period. Sherwin-Williams makes up approximately 3.2% of Compass Capital Management Inc.’s holdings, making the stock its 16th largest holding. Compass Capital Management Inc. owned about 0.07% of Sherwin-Williams worth $51,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its position in Sherwin-Williams by 2.4% in the third quarter. Allworth Financial LP now owns 5,202 shares of the specialty chemicals company’s stock valued at $1,791,000 after purchasing an additional 121 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Sherwin-Williams by 55.7% in the third quarter. Fisher Asset Management LLC now owns 1,602 shares of the specialty chemicals company’s stock worth $518,000 after purchasing an additional 573 shares during the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators grew its holdings in shares of Sherwin-Williams by 4.0% in the third quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 89,006 shares of the specialty chemicals company’s stock worth $28,773,000 after purchasing an additional 3,415 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Sherwin-Williams by 10.4% in the third quarter. Maryland State Retirement & Pension System now owns 13,781 shares of the specialty chemicals company’s stock worth $4,455,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Sherwin-Williams by 0.9% in the third quarter. Ritholtz Wealth Management now owns 6,997 shares of the specialty chemicals company’s stock worth $2,262,000 after buying an additional 63 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $349.89 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71. The stock has a market capitalization of $84.53 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.93 and a beta of 1.05. The stock’s 50 day moving average price is $331.51 and its 200-day moving average price is $333.13. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.78 billion. During the same period in the previous year, the business earned $3.59 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on SHW. Citigroup lowered their price target on shares of Sherwin-Williams from $400.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Royal Bank Of Canada cut their price target on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Mizuho set a $396.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Thursday, September 24th. Weiss Ratings cut shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Finally, Wells Fargo & Company set a $340.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research note on Friday, September 25th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $377.29.

Insider Transactions at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 3,891 shares of Sherwin-Williams stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $350.42, for a total transaction of $1,363,484.22. Following the sale, the senior vice president owned 31,466 shares of the company’s stock, valued at approximately $11,026,315.72. The trade was a 11.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bryan J. Young sold 1,314 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $345.71, for a total transaction of $454,262.94. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,472,656.95. This represents a 11.57% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 22,315 shares of company stock worth $7,848,071. 0.23% of the stock is owned by corporate insiders.

Sherwin-Williams Profile

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.