British Columbia Investment Management Corp cut its position in Sherwin-Williams Co. (NYSE:SHW) by 20.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,853 shares of the company’s stock after selling 10,889 shares during the period. British Columbia Investment Management Corp’s holdings in Sherwin-Williams were worth $11,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Strs Ohio increased its position in shares of Sherwin-Williams by 15.5% in the second quarter. Strs Ohio now owns 243,129 shares of the company’s stock worth $71,399,000 after buying an additional 32,679 shares in the last quarter. Columbus Circle Investors increased its position in shares of Sherwin-Williams by 64.9% in the second quarter. Columbus Circle Investors now owns 48,233 shares of the company’s stock worth $14,165,000 after buying an additional 18,979 shares in the last quarter. Boston Advisors LLC purchased a new position in shares of Sherwin-Williams during the second quarter worth about $20,017,000. HL Financial Services LLC increased its position in shares of Sherwin-Williams by 4.0% in the second quarter. HL Financial Services LLC now owns 58,196 shares of the company’s stock worth $17,092,000 after buying an additional 2,231 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Sherwin-Williams during the second quarter worth about $3,911,000. Institutional investors own 74.97% of the company’s stock.

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

Sherwin-Williams Co. (NYSE:SHW) traded up 0.94% during mid-day trading on Friday, reaching $274.97. 377,205 shares of the company traded hands. The stock has a market capitalization of $25.30 billion, a PE ratio of 22.94 and a beta of 0.98. Sherwin-Williams Co. has a 52-week low of $234.96 and a 52-week high of $312.48. The firm’s 50-day moving average is $261.11 and its 200 day moving average is $283.04.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $4.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.32 by $0.09. Sherwin-Williams had a net margin of 9.50% and a return on equity of 97.87%. The firm earned $3.28 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the business earned $3.97 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Sherwin-Williams Co. will post $12.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 28.57%.

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SHW has been the subject of a number of recent research reports. Wells Fargo & Co. initiated coverage on shares of Sherwin-Williams in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company. Evercore ISI upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday, November 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 price target for the company in a research note on Monday, September 26th. Argus upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, October 10th. Finally, Vetr upgraded shares of Sherwin-Williams from a “buy” rating to a “strong-buy” rating and set a $292.87 price target for the company in a research note on Monday, November 21st. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams presently has a consensus rating of “Buy” and a consensus price target of $322.56.

In other news, Director John M. Stropki acquired 500 shares of the stock in a transaction on Thursday, October 27th. The stock was bought at an average price of $247.30 per share, with a total value of $123,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.89% of the stock is currently owned by company insiders.

About Sherwin-Williams

The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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