The Sherwin-Williams Company (NYSE:SHW) Holdings Raised by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group grew its position in The Sherwin-Williams Company (NYSE:SHW) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,117 shares of the specialty chemicals company’s stock after acquiring an additional 72 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Sherwin-Williams were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Griffin Asset Management Inc. increased its holdings in shares of Sherwin-Williams by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock valued at $3,548,000 after acquiring an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock valued at $458,000 after acquiring an additional 28 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the period. Allworth Financial LP boosted its position in Sherwin-Williams by 1.8% during the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock valued at $595,000 after purchasing an additional 28 shares during the period. Finally, First Interstate Bank boosted its position in Sherwin-Williams by 1.9% during the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after purchasing an additional 28 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. BMO Capital Markets boosted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Jefferies Financial Group boosted their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company boosted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 1.4 %

NYSE:SHW opened at $366.82 on Friday. The firm has a market capitalization of $92.38 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 3.00 and a beta of 1.19. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The business’s fifty day moving average price is $379.37 and its 200 day moving average price is $351.26.

Sherwin-Williams (NYSE:SHW) last posted 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). The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.20 earnings per share. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

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.