Sherwin-Williams Co (SHW) Stake Lessened by Evercore Wealth Management LLC

Evercore Wealth Management LLC trimmed its position in shares of Sherwin-Williams Co (NYSE:SHW) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,280 shares of the specialty chemicals company’s stock after selling 158 shares during the quarter. Evercore Wealth Management LLC’s holdings in Sherwin-Williams were worth $17,426,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SHW. EdgePoint Investment Group Inc. acquired a new position in shares of Sherwin-Williams during the second quarter worth about $287,828,000. Cornerstone Wealth Management LLC acquired a new position in Sherwin-Williams during the third quarter worth about $1,564,000. FMR LLC grew its position in Sherwin-Williams by 12.7% during the third quarter. FMR LLC now owns 3,582,597 shares of the specialty chemicals company’s stock worth $1,630,834,000 after buying an additional 402,592 shares during the period. American Century Companies Inc. grew its position in Sherwin-Williams by 6,366.3% during the second quarter. American Century Companies Inc. now owns 359,008 shares of the specialty chemicals company’s stock worth $146,321,000 after buying an additional 353,456 shares during the period. Finally, Prudential Financial Inc. grew its position in Sherwin-Williams by 312.9% during the third quarter. Prudential Financial Inc. now owns 392,740 shares of the specialty chemicals company’s stock worth $178,779,000 after buying an additional 297,624 shares during the period. Institutional investors and hedge funds own 76.27% of the company’s stock.

Shares of NYSE SHW opened at $406.60 on Thursday. Sherwin-Williams Co has a 12-month low of $355.28 and a 12-month high of $479.64. The stock has a market capitalization of $38.07 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.38. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 2.19.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.11%.

SHW has been the topic of several recent analyst reports. Edward Jones initiated coverage on shares of Sherwin-Williams in a research report on Tuesday, September 4th. They set a “hold” rating on the stock. Deutsche Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their target price for the stock from $400.00 to $465.00 in a research report on Tuesday. Barclays lowered their target price on shares of Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Friday, October 26th. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 target price on the stock in a research report on Tuesday, October 16th. Finally, Seaport Global Securities lowered shares of 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. Ten equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $469.65.

In other Sherwin-Williams news, Director John M. Stropki purchased 675 shares of Sherwin-Williams stock in a transaction on Monday, October 29th. The shares were bought at an average price of $375.00 per share, with a total value of $253,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is owned by corporate insiders.

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Sherwin-Williams 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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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

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