Wealthspire Advisors LLC Trims Holdings in The Sherwin-Williams Company (NYSE:SHW)

Wealthspire Advisors LLC reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,794 shares of the specialty chemicals company’s stock after selling 94 shares during the period. Wealthspire Advisors LLC’s holdings in Sherwin-Williams were worth $535,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SHW. Panagora Asset Management Inc. grew its position in Sherwin-Williams by 1.0% in the 4th quarter. Panagora Asset Management Inc. now owns 6,943 shares of the specialty chemicals company’s stock valued at $2,166,000 after buying an additional 72 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in shares of Sherwin-Williams by 93.4% in the 4th quarter. Great Lakes Advisors LLC now owns 9,322 shares of the specialty chemicals company’s stock worth $2,907,000 after acquiring an additional 4,502 shares during the period. Financial Advocates Investment Management boosted its holdings in shares of Sherwin-Williams by 5.6% in the fourth quarter. Financial Advocates Investment Management now owns 1,935 shares of the specialty chemicals company’s stock valued at $603,000 after acquiring an additional 102 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Sherwin-Williams by 2.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 132,841 shares of the specialty chemicals company’s stock worth $41,433,000 after acquiring an additional 3,546 shares during the period. Finally, Coldstream Capital Management Inc. raised its holdings in Sherwin-Williams by 34.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,731 shares of the specialty chemicals company’s stock worth $1,475,000 after purchasing an additional 1,210 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the topic of several recent analyst reports. KeyCorp boosted their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. UBS Group increased their price objective on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays boosted their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $418.00 price target on shares of Sherwin-Williams in a report on Friday, August 30th. Finally, Jefferies Financial Group boosted their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $379.14 on Tuesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The firm has a market cap of $96.13 billion, a PE ratio of 40.42, a P/E/G ratio of 2.94 and a beta of 1.17. The firm has a 50 day simple moving average of $348.33 and a 200-day simple moving average of $327.03. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $380.13.

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 analysts’ consensus estimates of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.29 EPS. On average, equities analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.75%. Sherwin-Williams’s payout ratio is currently 30.49%.

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.