TrinityPoint Wealth LLC Sells 61 Shares of The Sherwin-Williams Company (NYSE:SHW)

TrinityPoint Wealth LLC lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,233 shares of the specialty chemicals company’s stock after selling 61 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Sherwin-Williams were worth $852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. UniSuper Management Pty Ltd grew its holdings in shares of Sherwin-Williams by 200.0% in the first quarter. UniSuper Management Pty Ltd now owns 6,088 shares of the specialty chemicals company’s stock valued at $2,115,000 after purchasing an additional 4,059 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Sherwin-Williams by 145.0% in the 1st quarter. Lake Street Advisors Group LLC now owns 5,714 shares of the specialty chemicals company’s stock worth $1,985,000 after buying an additional 3,382 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Sherwin-Williams by 12.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 36,245 shares of the specialty chemicals company’s stock worth $12,589,000 after buying an additional 4,000 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $1,035,000. Finally, Shell Asset Management Co. bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $396,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $375.36 on Tuesday. The Sherwin-Williams Company has a 12 month low of $269.28 and a 12 month high of $392.57. The stock’s fifty day moving average price is $376.65 and its 200-day moving average price is $342.76. The firm has a market cap of $94.54 billion, a P/E ratio of 37.39, a P/E/G ratio of 3.05 and a beta of 1.17. 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 posted its 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 last year, the business posted $3.20 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share 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. Shareholders of record on Friday, November 15th will be issued 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 yield of 0.76%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams 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 of the company’s stock, valued at $23,301,041.60. The trade was a 18.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Barclays increased their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

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.