Adams Natural Resources Fund Inc. Lowers Stake in The Sherwin-Williams Company (NYSE:SHW)

Adams Natural Resources Fund Inc. reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,200 shares of the specialty chemicals company’s stock after selling 900 shares during the quarter. Sherwin-Williams makes up approximately 1.3% of Adams Natural Resources Fund Inc.’s investment portfolio, making the stock its 20th largest position. Adams Natural Resources Fund Inc.’s holdings in Sherwin-Williams were worth $8,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares during the period. Semmax Financial Advisors Inc. lifted its stake in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares during the period. VitalStone Financial LLC lifted its stake in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares during the period. GHP Investment Advisors Inc. lifted its stake in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares during the period. Finally, Anfield Capital Management LLC purchased a new stake in Sherwin-Williams in the second quarter worth about $38,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

SHW opened at $361.62 on Wednesday. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $392.57. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The company has a market cap of $91.69 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 2.89 and a beta of 1.17. The firm’s 50-day moving average price is $372.27 and its 200-day moving average price is $335.73.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the company earned $3.20 EPS. The business’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.79%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Buying and Selling

In related 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 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Jefferies Financial Group upped their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Finally, Evercore ISI reduced their target price on shares of Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating for the company in a report 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. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $395.29.

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.