Sherwin-Williams Co (SHW) Holdings Trimmed by Blair William & Co. IL

Blair William & Co. IL lessened its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 1.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 17,724 shares of the specialty chemicals company’s stock after selling 327 shares during the quarter. Blair William & Co. IL’s holdings in Sherwin-Williams were worth $8,068,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Banco Santander S.A. purchased a new position in Sherwin-Williams during the 3rd quarter valued at about $744,000. Brown Advisory Inc. grew its holdings in Sherwin-Williams by 4.3% during the 3rd quarter. Brown Advisory Inc. now owns 1,006,705 shares of the specialty chemicals company’s stock valued at $458,262,000 after buying an additional 41,851 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Sherwin-Williams by 35.4% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,558 shares of the specialty chemicals company’s stock valued at $1,620,000 after acquiring an additional 930 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sherwin-Williams by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 229,179 shares of the specialty chemicals company’s stock valued at $104,324,000 after acquiring an additional 6,850 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $956,000. 77.13% of the stock is owned by institutional investors and hedge funds.

Shares of Sherwin-Williams stock opened at $424.07 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.66 and a current ratio of 1.04. The company has a market capitalization of $39.30 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 1.72 and a beta of 1.34. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $479.64.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 EPS for the quarter, missing the Zacks’ consensus estimate of $5.71 by ($0.03). The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. As a group, equities analysts expect that Sherwin-Williams Co will post 19.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a $0.86 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.44 dividend on an annualized basis and a yield of 0.81%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 24.11%.

A number of analysts have recently issued reports on SHW shares. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Edward Jones started coverage on Sherwin-Williams in a research report on Tuesday, September 4th. They set a “hold” rating for the company. Seaport Global Securities downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, September 17th. They noted that the move was a valuation call. Gabelli started coverage on Sherwin-Williams in a research report on Friday, September 21st. They set a “buy” rating and a $553.00 price target for the company. Finally, ValuEngine downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Eleven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $467.40.

In related news, Director John M. Stropki purchased 675 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were acquired at an average cost of $375.00 per share, with a total value of $253,125.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.78% of the stock is owned by insiders.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

See Also: Are all No-Load Funds Equal?

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).

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

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