grace capital Trims Holdings in Sherwin-Williams Co (NYSE:SHW)

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grace capital reduced its stake in Sherwin-Williams Co (NYSE:SHW) by 77.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 673 shares of the specialty chemicals company’s stock after selling 2,262 shares during the period. grace capital’s holdings in Sherwin-Williams were worth $370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHW. Nuveen Asset Management LLC boosted its position in Sherwin-Williams by 10,335.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 910,704 shares of the specialty chemicals company’s stock valued at $417,367,000 after buying an additional 901,977 shares during the period. BlackRock Inc. boosted its position in Sherwin-Williams by 1.7% in the 2nd quarter. BlackRock Inc. now owns 5,530,261 shares of the specialty chemicals company’s stock valued at $2,534,464,000 after buying an additional 90,828 shares during the period. Farallon Capital Management LLC boosted its position in Sherwin-Williams by 21.2% in the 2nd quarter. Farallon Capital Management LLC now owns 465,699 shares of the specialty chemicals company’s stock valued at $213,425,000 after buying an additional 81,536 shares during the period. Cibc World Markets Corp boosted its position in Sherwin-Williams by 245.2% in the 2nd quarter. Cibc World Markets Corp now owns 101,766 shares of the specialty chemicals company’s stock valued at $46,638,000 after buying an additional 72,284 shares during the period. Finally, AQR Capital Management LLC boosted its position in Sherwin-Williams by 107.9% in the 2nd quarter. AQR Capital Management LLC now owns 133,572 shares of the specialty chemicals company’s stock valued at $60,583,000 after buying an additional 69,322 shares during the period. Institutional investors own 76.84% of the company’s stock.

Shares of NYSE SHW traded down $6.60 during mid-day trading on Wednesday, reaching $571.31. The company’s stock had a trading volume of 426,600 shares, compared to its average volume of 562,558. The stock has a 50-day moving average of $576.38 and a two-hundred day moving average of $515.49. The stock has a market capitalization of $53.83 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.30 and a beta of 1.25. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.63 and a current ratio of 1.01. Sherwin-Williams Co has a 1-year low of $365.20 and a 1-year high of $597.00.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $6.65 EPS for the quarter, beating the Zacks’ consensus estimate of $6.46 by $0.19. The business had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.83 billion. Sherwin-Williams had a net margin of 7.81% and a return on equity of 50.96%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $5.68 earnings per share. Analysts predict that Sherwin-Williams Co will post 21.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is 24.39%.

In other Sherwin-Williams news, insider Aaron M. Erter sold 3,280 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $580.62, for a total transaction of $1,904,433.60. Following the completion of the transaction, the insider now owns 6,786 shares of the company’s stock, valued at $3,940,087.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Thomas P. Gilligan sold 4,250 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $570.10, for a total transaction of $2,422,925.00. Following the transaction, the senior vice president now directly owns 8,189 shares of the company’s stock, valued at approximately $4,668,548.90. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $490.00 to $560.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank boosted their price target on shares of Sherwin-Williams from $550.00 to $640.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wolfe Research started coverage on shares of Sherwin-Williams in a report on Tuesday, October 8th. They issued a “peer perform” rating and a $606.00 price target for the company. Buckingham Research boosted their price objective on shares of Sherwin-Williams from $485.00 to $515.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Co boosted their price objective on shares of Sherwin-Williams from $565.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $579.52.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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