Global Retirement Partners LLC Sells 204 Shares of The Sherwin-Williams Company (NYSE:SHW)

Global Retirement Partners LLC reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,555 shares of the specialty chemicals company’s stock after selling 204 shares during the period. Global Retirement Partners LLC’s holdings in Sherwin-Williams were worth $594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC lifted its holdings in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. lifted its stake in shares of Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares during the last quarter. VitalStone Financial LLC boosted its holdings in shares of Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the period. Anfield Capital Management LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $38,000. Finally, Meeder Asset Management Inc. purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $41,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW opened at $388.36 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The firm has a market cap of $98.47 billion, a PE ratio of 41.40, a P/E/G ratio of 3.01 and a beta of 1.17. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $392.57. The stock has a fifty day moving average price of $370.58 and a 200-day moving average price of $333.87.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the company earned $3.29 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts predict that The Sherwin-Williams Company will post 11.5 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 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.74%. Sherwin-Williams’s payout ratio is 30.49%.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a report on Friday, August 30th. Evercore ISI raised their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Morgan Stanley increased their price target on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Robert W. Baird boosted their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $383.35.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

About Sherwin-Williams

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.