The Sherwin-Williams Company (NYSE:SHW) Stake Reduced by Bessemer Securities LLC

Bessemer Securities LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 53.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,950 shares of the specialty chemicals company’s stock after selling 3,450 shares during the quarter. Bessemer Securities LLC’s holdings in Sherwin-Williams were worth $783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. HHM Wealth Advisors LLC boosted its stake in Sherwin-Williams by 1,716.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 109 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 103 shares during the period. TCI Wealth Advisors Inc. boosted its position in shares of Sherwin-Williams by 296.9% during the first quarter. TCI Wealth Advisors Inc. now owns 127 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 95 shares during the period. Colonial Trust Co SC grew its holdings in Sherwin-Williams by 315.9% in the 1st quarter. Colonial Trust Co SC now owns 183 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 139 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in Sherwin-Williams in the 2nd quarter valued at approximately $60,000. Finally, Tacita Capital Inc raised its stake in Sherwin-Williams by 43.8% during the 1st quarter. Tacita Capital Inc now owns 230 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 75.87% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SHW. Berenberg Bank raised their price target on Sherwin-Williams from $224.00 to $249.00 and gave the company a “hold” rating in a report on Friday, September 29th. Citigroup lowered their target price on shares of Sherwin-Williams from $310.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Robert W. Baird upped their price target on shares of Sherwin-Williams from $275.00 to $300.00 in a research note on Wednesday, July 26th. StockNews.com initiated coverage on shares of Sherwin-Williams in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada upped their target price on Sherwin-Williams from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $287.44.

Sherwin-Williams Trading Up 0.1 %

Shares of Sherwin-Williams stock traded up $0.22 on Monday, reaching $270.50. 131,761 shares of the company were exchanged, compared to its average volume of 1,458,321. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 2.25. The Sherwin-Williams Company has a fifty-two week low of $205.43 and a fifty-two week high of $283.80. The firm has a market capitalization of $69.24 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 2.12 and a beta of 1.08. The stock has a fifty day moving average price of $252.71 and a 200-day moving average price of $254.62.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 24th. The specialty chemicals company reported $3.20 EPS for the quarter, topping the consensus estimate of $2.77 by $0.43. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6 billion. Sherwin-Williams had a net margin of 10.50% and a return on equity of 78.92%. On average, analysts expect that The Sherwin-Williams Company will post 10.3 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.605 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 0.89%. Sherwin-Williams’s dividend payout ratio is 25.91%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CEO John G. Morikis bought 2,125 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were bought at an average price of $237.60 per share, for a total transaction of $504,900.00. Following the acquisition, the chief executive officer now directly owns 317,270 shares of the company’s stock, valued at $75,383,352. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by insiders.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.