Spearhead Capital Advisors LLC Cuts Position in Sherwin-Williams Co (NYSE:SHW)

Spearhead Capital Advisors LLC cut its holdings in Sherwin-Williams Co (NYSE:SHW) by 8.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,925 shares of the specialty chemicals company’s stock after selling 826 shares during the period. Sherwin-Williams comprises approximately 1.4% of Spearhead Capital Advisors LLC’s portfolio, making the stock its 19th largest holding. Spearhead Capital Advisors LLC’s holdings in Sherwin-Williams were worth $4,908,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Sherwin-Williams by 0.7% in the second quarter. Vanguard Group Inc. now owns 7,262,410 shares of the specialty chemicals company’s stock worth $3,328,290,000 after purchasing an additional 51,401 shares during the last quarter. BlackRock Inc. lifted its stake in Sherwin-Williams by 1.7% in the second quarter. BlackRock Inc. now owns 5,530,261 shares of the specialty chemicals company’s stock worth $2,534,464,000 after purchasing an additional 90,828 shares during the last quarter. Northern Trust Corp lifted its stake in Sherwin-Williams by 6.0% in the second quarter. Northern Trust Corp now owns 940,308 shares of the specialty chemicals company’s stock worth $430,934,000 after purchasing an additional 53,369 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Sherwin-Williams by 10,335.5% in the second quarter. Nuveen Asset Management LLC now owns 910,704 shares of the specialty chemicals company’s stock worth $417,367,000 after purchasing an additional 901,977 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Sherwin-Williams by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 636,790 shares of the specialty chemicals company’s stock worth $291,833,000 after purchasing an additional 6,113 shares during the last quarter. 76.69% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Sherwin-Williams from $475.00 to $555.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $435.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. ValuEngine downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Robert W. Baird set a $600.00 price objective on shares of Sherwin-Williams and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, KeyCorp upped their price objective on shares of Sherwin-Williams from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Sherwin-Williams has a consensus rating of “Buy” and an average target price of $547.00.

SHW stock traded down $10.45 during trading on Monday, reaching $550.41. The company had a trading volume of 801,086 shares, compared to its average volume of 567,171. Sherwin-Williams Co has a 52 week low of $355.28 and a 52 week high of $567.00. The company has a market cap of $51.71 billion, a P/E ratio of 29.70, a PEG ratio of 2.20 and a beta of 1.27. The business has a 50 day moving average of $542.34 and a 200 day moving average of $485.83. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.80 and a quick ratio of 0.50.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.35 by $0.22. Sherwin-Williams had a net margin of 6.61% and a return on equity of 48.92%. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the firm earned $5.73 earnings per share. Sherwin-Williams’s revenue was up 2.2% on a year-over-year basis. Research analysts expect that Sherwin-Williams Co will post 21.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, November 14th. Sherwin-Williams’s payout ratio is currently 24.39%.

In other Sherwin-Williams news, insider Peter J. Ippolito sold 5,284 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $513.05, for a total value of $2,710,956.20. Following the sale, the insider now owns 4,284 shares in the company, valued at $2,197,906.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David F. Hodnik sold 501 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $521.57, for a total transaction of $261,306.57. Following the completion of the sale, the director now owns 9,569 shares in the company, valued at approximately $4,990,903.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,121 shares of company stock valued at $6,134,153. 0.50% of the stock is owned by insiders.

Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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

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