Parametric Portfolio Associates LLC Sells 9,756 Shares of Sherwin-Williams Co (NYSE:SHW)

Parametric Portfolio Associates LLC reduced its holdings in Sherwin-Williams Co (NYSE:SHW) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 469,521 shares of the specialty chemicals company’s stock after selling 9,756 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.50% of Sherwin-Williams worth $168,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Alps Advisors Inc. increased its stake in Sherwin-Williams by 0.3% in the second quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock valued at $542,000 after purchasing an additional 4 shares during the last quarter. BRYN MAWR TRUST Co increased its stake in Sherwin-Williams by 0.7% in the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock valued at $361,000 after purchasing an additional 7 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Sherwin-Williams by 0.9% in the second quarter. Sequoia Financial Advisors LLC now owns 3,032 shares of the specialty chemicals company’s stock valued at $1,064,000 after purchasing an additional 28 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Sherwin-Williams by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after purchasing an additional 29 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Sherwin-Williams by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 3,372 shares of the specialty chemicals company’s stock valued at $1,182,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 75.60% of the company’s stock.

In other Sherwin-Williams news, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the transaction, the senior vice president now directly owns 18,363 shares in the company, valued at $7,512,486.93. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert J. Davisson sold 8,800 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total value of $3,432,616.00. Following the transaction, the insider now owns 14,812 shares in the company, valued at $5,777,716.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,122 shares of company stock worth $5,969,846. Corporate insiders own 1.69% of the company’s stock.

Sherwin-Williams Co (SHW) traded down $3.03 on Friday, reaching $410.04. The company had a trading volume of 362,196 shares, compared to its average volume of 438,919. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. The firm has a market cap of $38,627.79, a PE ratio of 36.06, a P/E/G ratio of 2.31 and a beta of 1.22. Sherwin-Williams Co has a 12-month low of $268.05 and a 12-month high of $415.75.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the company earned $4.23 earnings per share. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. equities analysts predict that Sherwin-Williams Co will post 15.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a dividend of $0.85 per share. The ex-dividend date was Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.83%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.90%.

A number of research firms have issued reports on SHW. Credit Suisse Group reissued an “outperform” rating and set a $410.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research report on Wednesday, October 4th. Citigroup boosted their price target on Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 price target for the company in a research report on Wednesday, September 20th. Jefferies Group boosted their price target on Sherwin-Williams from $364.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, October 4th. Finally, Bank of America raised Sherwin-Williams from an “underperform” rating to a “buy” rating and boosted their price target for the company from $325.00 to $435.00 in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Sherwin-Williams currently has an average rating of “Buy” and an average price target of $413.64.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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

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