The Sherwin-Williams Company (NYSE:SHW) Shares Sold by ClearAlpha Technologies LP

ClearAlpha Technologies LP trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 48.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 694 shares of the specialty chemicals company’s stock after selling 641 shares during the period. ClearAlpha Technologies LP’s holdings in Sherwin-Williams were worth $265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont boosted its stake in Sherwin-Williams by 12.8% in the 2nd quarter. Trust Co. of Vermont now owns 606 shares of the specialty chemicals company’s stock worth $181,000 after purchasing an additional 69 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth $234,000. Park Avenue Securities LLC lifted its stake in shares of Sherwin-Williams by 3.2% during the second quarter. Park Avenue Securities LLC now owns 4,470 shares of the specialty chemicals company’s stock worth $1,334,000 after buying an additional 139 shares during the period. CWM LLC increased its position in shares of Sherwin-Williams by 8.6% in the 2nd quarter. CWM LLC now owns 7,542 shares of the specialty chemicals company’s stock valued at $2,251,000 after acquiring an additional 598 shares during the period. Finally, Cullinan Associates Inc. purchased a new position in Sherwin-Williams in the 2nd quarter worth $580,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

NYSE SHW opened at $395.67 on Tuesday. The stock has a market capitalization of $99.65 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 3.20 and a beta of 1.19. The stock has a 50-day moving average of $378.94 and a 200 day moving average of $347.31. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a twelve month low of $278.45 and a twelve month high of $400.42.

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

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 dividend yield of 0.72%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SHW shares. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. BMO Capital Markets increased their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Jefferies Financial Group raised their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Finally, Barclays raised their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $396.47.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 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.