Northwestern Mutual Wealth Management Co. Sells 2,789 Shares of The Sherwin-Williams Company (NYSE:SHW)

Northwestern Mutual Wealth Management Co. reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,481 shares of the specialty chemicals company’s stock after selling 2,789 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sherwin-Williams were worth $34,463,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley raised their price target on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays upped their price target 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. Wells Fargo & Company boosted their price objective on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $370.39.

Sherwin-Williams Trading Down 0.3 %

Shares of Sherwin-Williams stock opened at $381.67 on Tuesday. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $385.25. The stock has a market cap of $96.77 billion, a PE ratio of 40.69, a PEG ratio of 3.00 and a beta of 1.17. The firm has a 50-day moving average of $360.87 and a 200-day moving average of $330.01. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the business posted $3.29 EPS. The business’s revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Shareholders of record on Friday, August 16th were issued a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.75%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.