Nisa Investment Advisors LLC cut its position in Sherwin-Williams Co. (NYSE:SHW) by 0.7% during the third quarter, Holdings Channel reports. The fund owned 26,889 shares of the company’s stock after selling 181 shares during the period. Nisa Investment Advisors LLC’s holdings in Sherwin-Williams were worth $7,439,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SHW. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams by 1.7% in the second quarter. Vanguard Group Inc. now owns 5,615,932 shares of the company’s stock valued at $1,649,230,000 after buying an additional 92,058 shares during the last quarter. FMR LLC raised its stake in shares of Sherwin-Williams by 0.9% in the second quarter. FMR LLC now owns 4,727,416 shares of the company’s stock valued at $1,388,300,000 after buying an additional 44,207 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Sherwin-Williams by 12.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,650,607 shares of the company’s stock valued at $778,404,000 after buying an additional 296,200 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Sherwin-Williams by 50.1% in the second quarter. Ameriprise Financial Inc. now owns 1,768,167 shares of the company’s stock valued at $519,233,000 after buying an additional 590,350 shares during the last quarter. Finally, Lone Pine Capital LLC purchased a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $335,861,000. 72.93% of the stock is owned by institutional investors and hedge funds.

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

Shares of Sherwin-Williams Co. (NYSE:SHW) traded down 2.49% during midday trading on Wednesday, reaching $269.44. The company’s stock had a trading volume of 720,543 shares. Sherwin-Williams Co. has a one year low of $234.96 and a one year high of $312.48. The stock’s 50 day moving average price is $261.26 and its 200 day moving average price is $282.71. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 22.48 and a beta of 0.98.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $4.23 earnings per share 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 business earned $3.28 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the firm earned $3.97 EPS. Sherwin-Williams’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts predict that Sherwin-Williams Co. will post $12.34 earnings per share for the current year.

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

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SHW has been the topic of several analyst reports. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 target price on the stock in a research report on Monday, September 26th. reiterated a “buy” rating and set a $350.00 target price on shares of Sherwin-Williams in a research report on Wednesday, September 14th. Sterne Agee CRT upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Argus upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, October 10th. Finally, Vetr downgraded Sherwin-Williams from a “strong-buy” rating to a “buy” rating and set a $292.87 target price on the stock. in a research report on Thursday, November 10th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $322.72.

In other Sherwin-Williams news, Director John M. Stropki purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was purchased at an average price of $247.30 per share, for a total transaction of $123,650.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.89% of the stock is owned by corporate insiders.

Sherwin-Williams Company Profile

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.

5 Day Chart for NYSE:SHW

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