Forte Capital LLC ADV Has $858,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Forte Capital LLC ADV cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,249 shares of the specialty chemicals company’s stock after selling 137 shares during the quarter. Forte Capital LLC ADV’s holdings in Sherwin-Williams were worth $858,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. M&G PLC grew its stake in Sherwin-Williams by 3.5% during the third quarter. M&G PLC now owns 36,569 shares of the specialty chemicals company’s stock worth $13,969,000 after purchasing an additional 1,225 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Sherwin-Williams by 12.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,682 shares of the specialty chemicals company’s stock worth $4,840,000 after buying an additional 1,432 shares during the period. Centennial Wealth Advisory LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at $611,000. Radnor Capital Management LLC acquired a new position in shares of Sherwin-Williams during the 3rd quarter valued at $693,000. Finally, Catalina Capital Group LLC boosted its stake in Sherwin-Williams by 4.8% during the third quarter. Catalina Capital Group LLC now owns 1,228 shares of the specialty chemicals company’s stock worth $469,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.9 %

NYSE:SHW opened at $384.00 on Friday. The Sherwin-Williams Company has a 52 week low of $251.69 and a 52 week high of $392.57. The firm has a 50-day moving average price of $373.38 and a two-hundred day moving average price of $338.03. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a market cap of $96.71 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 3.02 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $6.20 billion. During the same period in the previous year, the business posted $3.20 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. On average, equities analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams’s payout ratio is currently 28.49%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SHW shares. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Citigroup dropped their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reduced their price objective on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group upped their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Insider Buying and Selling

In other 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 completion of the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.