Exencial Wealth Advisors LLC Trims Position in The Sherwin-Williams Company $SHW

Key Points

• Exencial Wealth Advisors LLC has reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 17.0%, holding 5,764 shares valued at approximately $1.98 million after selling 1,177 shares in Q2.
• Recent insider transactions include Justin T. Binns selling 609 shares for about $224,611 and James P. Lang selling 860 shares valued at $301,301, indicating notable insider activity.
• Sherwin-Williams has announced a quarterly dividend of $0.79 per share, with an ex-dividend date of November 14th, reflecting an annualized yield of 0.9%.

Exencial Wealth Advisors LLC lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,764 shares of the specialty chemicals company's stock after selling 1,177 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Sherwin-Williams were worth $1,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. Brighton Jones LLC increased its position in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 655 shares in the last quarter. GAMMA Investing LLC increased its position in Sherwin-Williams by 19.8% in the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company's stock worth $1,636,000 after buying an additional 773 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in Sherwin-Williams by 1.3% in the first quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the specialty chemicals company's stock worth $1,019,000 after buying an additional 38 shares in the last quarter. YHB Investment Advisors Inc. increased its position in Sherwin-Williams by 22.5% in the first quarter. YHB Investment Advisors Inc. now owns 2,187 shares of the specialty chemicals company's stock worth $764,000 after buying an additional 401 shares in the last quarter. Finally, Strategic Investment Advisors MI purchased a new stake in Sherwin-Williams in the first quarter worth about $267,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO James P. Lang sold 860 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $333.87 on Thursday. The stock has a 50 day moving average of $351.63 and a 200 day moving average of $347.78. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The firm has a market cap of $83.24 billion, a PE ratio of 33.12, a PEG ratio of 3.17 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the company posted $3.70 earnings per share. Sherwin-Williams's quarterly revenue was up .6% on a year-over-year basis. On average, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's dividend payout ratio is 31.35%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of analyst reports. Bank of America reduced their price target on Sherwin-Williams from $375.00 to $368.00 and set a "neutral" rating for the company in a research report on Tuesday, October 14th. Wells Fargo & Company set a $395.00 price objective on Sherwin-Williams and gave the stock an "overweight" rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. UBS Group reaffirmed a "buy" rating and issued a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Finally, Loop Capital dropped their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $387.13.

Sherwin-Williams Company 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.

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