Ethic Inc. Sells 506 Shares of The Sherwin-Williams Company $SHW

Ethic Inc. reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 26,743 shares of the specialty chemicals company’s stock after selling 506 shares during the period. Ethic Inc.’s holdings in Sherwin-Williams were worth $9,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. raised its stake in Sherwin-Williams by 0.4% in the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after acquiring an additional 39 shares during the period. Johnson Investment Counsel Inc. increased its position in shares of Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after buying an additional 38,228 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Sherwin-Williams during the first quarter valued at about $515,000. Moody Lynn & Lieberson LLC increased its position in shares of Sherwin-Williams by 138.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after buying an additional 11,828 shares during the period. Finally, Lindenwold Advisors INC bought a new stake in shares of Sherwin-Williams during the second quarter valued at about $1,303,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

SHW opened at $333.87 on Thursday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a fifty day simple moving average of $351.63 and a two-hundred day simple moving average of $347.78. The company has a market cap of $83.24 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 3.17 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the business earned $3.70 earnings per share. Sherwin-Williams’s revenue was up .6% compared to the same quarter last year. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider owned 17,922 shares of the company’s stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SHW. Evercore ISI boosted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Wells Fargo & Company set a $395.00 price objective on Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. Mizuho decreased their target price on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Finally, Bank of America decreased their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $387.13.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.