Welch & Forbes LLC Reduces Holdings in Sherwin-Williams Co (SHW)
Welch & Forbes LLC decreased its holdings in Sherwin-Williams Co (NYSE:SHW) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,496 shares of the specialty chemicals company’s stock after selling 1,050 shares during the period. Welch & Forbes LLC’s holdings in Sherwin-Williams were worth $5,906,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth $100,000. Peddock Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Sherwin-Williams by 7.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 29 shares during the last quarter. Spectrum Management Group Inc. purchased a new stake in Sherwin-Williams in the third quarter valued at $162,000. Finally, Acrospire Investment Management LLC purchased a new stake in Sherwin-Williams in the second quarter valued at $169,000. 75.98% of the stock is owned by institutional investors and hedge funds.
In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the transaction, the insider now directly owns 3,302 shares in the company, valued at $1,285,336.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Davisson sold 8,800 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the completion of the sale, the insider now directly owns 14,812 shares in the company, valued at approximately $5,777,716.84. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
SHW has been the subject of a number of research reports. Royal Bank Of Canada reissued a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, September 20th. Robert W. Baird reissued a “buy” rating and issued a $425.00 price target on shares of Sherwin-Williams in a research report on Friday, November 10th. Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 price target for the company in a research report on Wednesday, September 20th. Zelman & Associates raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “buy” rating and boosted their price target for the company from $325.00 to $435.00 in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Sherwin-Williams currently has a consensus rating of “Hold” and an average price target of $402.32.
Shares of Sherwin-Williams Co (NYSE SHW) traded down $4.35 during trading on Friday, hitting $395.07. 654,777 shares of the stock were exchanged, compared to its average volume of 631,260. Sherwin-Williams Co has a twelve month low of $261.65 and a twelve month high of $402.30. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. The firm has a market capitalization of $36,940.00, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the business posted $4.23 earnings per share. The business’s revenue was up 37.4% compared to the same quarter last year. equities analysts forecast that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.86%. Sherwin-Williams’s payout ratio is currently 28.81%.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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