TD Asset Management Inc Sells 24,387 Shares of The Sherwin-Williams Company $SHW

TD Asset Management Inc lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,166 shares of the specialty chemicals company’s stock after selling 24,387 shares during the period. TD Asset Management Inc owned 0.08% of Sherwin-Williams worth $66,886,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cordatus Wealth Management LLC lifted its position in Sherwin-Williams by 149.4% during the 3rd quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after purchasing an additional 5,744 shares during the period. Nordea Investment Management AB raised its stake in shares of Sherwin-Williams by 16.1% during the third quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock worth $43,536,000 after buying an additional 17,422 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in Sherwin-Williams by 26.1% in the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock valued at $10,709,000 after buying an additional 6,408 shares during the period. Inscription Capital LLC bought a new position in Sherwin-Williams in the third quarter valued at approximately $1,069,000. Finally, Vanguard Group Inc. grew its holdings in Sherwin-Williams by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after acquiring an additional 246,008 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SHW shares. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target on the stock. in a research note on Thursday, January 22nd. UBS Group set a $420.00 target price on Sherwin-Williams in a research note on Friday, January 30th. Mizuho raised their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $387.67.

Sherwin-Williams Trading Up 0.9%

NYSE SHW opened at $360.39 on Friday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The firm has a market cap of $89.30 billion, a P/E ratio of 35.09, a P/E/G ratio of 3.09 and a beta of 1.25. The stock’s 50-day moving average is $349.47 and its 200-day moving average is $346.66.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.Sherwin-Williams’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.09 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.80 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. Sherwin-Williams’s payout ratio is currently 31.16%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.