Deseret Mutual Benefit Administrators Sells 37 Shares of The Sherwin-Williams Company (NYSE:SHW)

Deseret Mutual Benefit Administrators reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 549 shares of the specialty chemicals company’s stock after selling 37 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Sherwin-Williams were worth $210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Tamar Securities LLC lifted its holdings in Sherwin-Williams by 3.4% during the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock worth $18,608,000 after purchasing an additional 1,604 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after buying an additional 193 shares in the last quarter. Transcend Capital Advisors LLC boosted its position in shares of Sherwin-Williams by 24.1% in the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after acquiring an additional 1,514 shares during the period. Handelsbanken Fonder AB grew its stake in shares of Sherwin-Williams by 4.3% in the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after acquiring an additional 4,074 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Sherwin-Williams during the second quarter worth about $3,018,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were 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 approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Morgan Stanley increased their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group boosted their price target on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $395.29.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $380.78 on Thursday. The stock’s 50-day moving average is $373.38 and its 200-day moving average is $338.03. The stock has a market cap of $95.90 billion, a P/E ratio of 37.93, a price-to-earnings-growth ratio of 3.02 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $249.49 and a 1-year high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the business posted $3.20 EPS. Sherwin-Williams’s revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

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.