The Sherwin-Williams Company $SHW Shares Sold by Clearstead Advisors LLC

Clearstead Advisors LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,003 shares of the specialty chemicals company’s stock after selling 7,119 shares during the period. Clearstead Advisors LLC’s holdings in Sherwin-Williams were worth $8,311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Vanguard Group Inc. grew its position in shares of Sherwin-Williams by 1.4% during the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock worth $7,838,532,000 after acquiring an additional 309,153 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sherwin-Williams by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after purchasing an additional 90,482 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Sherwin-Williams by 9.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares during the last quarter. Norges Bank purchased a new position in Sherwin-Williams during the 2nd quarter worth $1,296,565,000. Finally, JPMorgan Chase & Co. increased its stake in Sherwin-Williams by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock valued at $1,056,811,000 after purchasing an additional 12,715 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $364.34 on Tuesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. The firm has a market capitalization of $90.27 billion, a P/E ratio of 35.48, a PEG ratio of 3.12 and a beta of 1.25. The company’s fifty day moving average is $347.45 and its two-hundred day moving average is $346.40.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 EPS. Analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.80 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 30.77%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research note on Friday, January 30th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $387.67.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.