3,360 The Sherwin-Williams Company $SHW Shares Sold by Vise Technologies Inc.

Vise Technologies Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 23.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,802 shares of the specialty chemicals company's stock after selling 3,360 shares during the quarter. Vise Technologies Inc.'s holdings in Sherwin-Williams were worth $3,492,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Sherwin-Williams during the second quarter valued at about $6,100,083,000. Wellington Management Group LLP increased its position in shares of Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company's stock worth $958,821,000 after acquiring an additional 1,593,009 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $547,097,000. Legal & General Group Plc acquired a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $459,652,000. Finally, Bank of America Corp DE bought a new position in Sherwin-Williams in the 2nd quarter valued at about $412,339,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Trading Down 3.3%

Shares of SHW stock opened at $340.66 on Wednesday. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71. The company has a 50-day simple moving average of $329.40 and a two-hundred day simple moving average of $333.05. The company has a market capitalization of $82.30 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.93 and a beta of 1.05.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing the consensus estimate of $3.69 by ($0.06). Sherwin-Williams had a net margin of 10.74% and a return on equity of 69.51%. The firm had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.78 billion. During the same quarter last year, the business posted $3.59 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. Research analysts anticipate that The Sherwin-Williams Company will post 12.02 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 4th. Investors of record on Friday, November 13th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SHW shares. UBS Group reiterated a "neutral" rating and set a $370.00 price target (up from $363.00) on shares of Sherwin-Williams in a research note on Wednesday, October 28th. Bank of America increased their price objective on Sherwin-Williams from $369.00 to $383.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. KeyCorp started coverage on Sherwin-Williams in a research note on Thursday, September 10th. They issued a "sector weight" rating for the company. Royal Bank Of Canada dropped their target price on Sherwin-Williams from $392.00 to $383.00 and set an "outperform" rating on the stock in a report on Thursday, October 29th. Finally, Weiss Ratings cut Sherwin-Williams from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, October 28th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $377.29.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin Binns sold 13,500 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares of the company's stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company's stock.

About Sherwin-Williams

The Sherwin-Williams Company NYSE: SHW develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.

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