The Sherwin-Williams Company (NYSE:SHW) Shares Sold by AIA Group Ltd

AIA Group Ltd cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,903 shares of the specialty chemicals company’s stock after selling 136 shares during the quarter. AIA Group Ltd’s holdings in Sherwin-Williams were worth $7,596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHW. Bensler LLC increased its holdings in Sherwin-Williams by 3.0% in the third quarter. Bensler LLC now owns 22,831 shares of the specialty chemicals company’s stock valued at $8,714,000 after buying an additional 671 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of Sherwin-Williams by 4.3% in the 3rd quarter. Portside Wealth Group LLC now owns 949 shares of the specialty chemicals company’s stock worth $362,000 after acquiring an additional 39 shares during the period. Hara Capital LLC acquired a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $42,000. Keudell Morrison Wealth Management acquired a new position in Sherwin-Williams during the third quarter worth $224,000. Finally, Kornitzer Capital Management Inc. KS raised its holdings in Sherwin-Williams by 4.2% during the third quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock worth $275,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.9 %

Shares of NYSE SHW opened at $384.00 on Friday. The stock has a fifty day moving average price of $373.38 and a 200 day moving average price of $338.03. The company has a market cap of $96.71 billion, a P/E ratio of 38.25, a P/E/G ratio of 3.07 and a beta of 1.17. The Sherwin-Williams Company has a 12-month low of $251.69 and a 12-month high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

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

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams’s dividend payout ratio is presently 28.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Morgan Stanley upped their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. BMO Capital Markets raised their price target on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Company 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.