The Sherwin-Williams Company $SHW Stock Sold by Vise Technologies Inc.

Vise Technologies Inc. lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 23.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,802 shares of the specialty chemicals company’s stock after selling 3,360 shares during the quarter. Vise Technologies Inc.’s holdings in Sherwin-Williams were worth $3,492,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wilkerson Advisory Group LLC grew its holdings in Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 50 shares during the period. GK Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the third quarter valued at $25,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams in the first quarter valued at $28,000. Montgomery Financial Services LLC purchased a new position in shares of Sherwin-Williams during the 2nd quarter valued at $29,000. Finally, Tacita Capital Inc purchased a new position in shares of Sherwin-Williams during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin Binns sold 13,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares in the company, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of several research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $415.00 price target (up from $390.00) on shares of Sherwin-Williams in a research note on Friday, October 9th. Mizuho set a $396.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a research note on Thursday, September 24th. Weiss Ratings downgraded shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, Citigroup cut their target price on shares of Sherwin-Williams from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.

Sherwin-Williams Stock Down 3.3%

Sherwin-Williams stock opened at $340.66 on Wednesday. The firm has a 50 day simple moving average of $329.40 and a 200 day simple moving average of $333.05. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 2.00. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $377.77. The firm has a market capitalization of $82.30 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.93 and a beta of 1.05.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.69 by ($0.06). The company had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.59 EPS. On average, analysts predict that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s payout ratio is presently 29.41%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.