Northern Financial Advisors Inc Has $719,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

Northern Financial Advisors Inc cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,884 shares of the specialty chemicals company’s stock after selling 31 shares during the period. Northern Financial Advisors Inc’s holdings in Sherwin-Williams were worth $719,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SHW. Van ECK Associates Corp acquired a new position in shares of Sherwin-Williams during the first quarter worth $3,144,000. Norden Group LLC acquired a new position in shares of Sherwin-Williams during the first quarter worth $329,000. J.W. Cole Advisors Inc. increased its holdings in shares of Sherwin-Williams by 5.8% during the first quarter. J.W. Cole Advisors Inc. now owns 798 shares of the specialty chemicals company’s stock worth $277,000 after buying an additional 44 shares in the last quarter. Private Advisor Group LLC increased its holdings in Sherwin-Williams by 18.6% in the first quarter. Private Advisor Group LLC now owns 11,186 shares of the specialty chemicals company’s stock valued at $3,885,000 after purchasing an additional 1,757 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Sherwin-Williams by 19.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,156 shares of the specialty chemicals company’s stock valued at $26,451,000 after purchasing an additional 12,618 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

SHW stock opened at $357.97 on Friday. The stock has a market capitalization of $90.15 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.89 and a beta of 1.18. The company’s 50-day moving average is $372.36 and its 200-day moving average is $336.57. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The Sherwin-Williams Company has a 1 year low of $240.00 and a 1 year high of $392.57.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the business posted $3.20 EPS. Sherwin-Williams’s revenue was up .7% compared to the same quarter last year. Equities research analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.80%. Sherwin-Williams’s payout ratio is 28.49%.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Evercore ISI decreased their price objective on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Wells Fargo & Company increased their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley increased their price target on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $395.29.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Profile

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.