Creative Planning cut its stake in Sherwin-Williams Co (NYSE:SHW) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,979 shares of the specialty chemicals company’s stock after selling 556 shares during the period. Creative Planning’s holdings in Sherwin-Williams were worth $3,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Sherwin-Williams by 0.7% during the second quarter. Vanguard Group Inc. now owns 7,262,410 shares of the specialty chemicals company’s stock valued at $3,328,290,000 after purchasing an additional 51,401 shares during the period. BlackRock Inc. boosted its stake in Sherwin-Williams by 1.7% during the second 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 in the last quarter. Northern Trust Corp boosted its stake in Sherwin-Williams by 6.0% during the second quarter. Northern Trust Corp now owns 940,308 shares of the specialty chemicals company’s stock valued at $430,934,000 after buying an additional 53,369 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Sherwin-Williams by 10,335.5% during the second 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Sherwin-Williams by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 636,790 shares of the specialty chemicals company’s stock valued at $291,833,000 after buying an additional 6,113 shares in the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on SHW shares. Royal Bank of Canada set a $631.00 target price on Sherwin-Williams and gave the company a “buy” rating in a research note on Friday, October 25th. Wolfe Research started coverage on Sherwin-Williams in a research note on Tuesday, October 8th. They set a “peer perform” rating and a $606.00 target price for the company. Wells Fargo & Co raised their target price on Sherwin-Williams from $565.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $490.00 to $560.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird raised their target price on Sherwin-Williams from $600.00 to $650.00 and gave the company a “top pick” rating in a research note on Wednesday, October 23rd. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $579.59.

Sherwin-Williams stock traded up $6.48 during mid-day trading on Friday, hitting $575.94. The company’s stock had a trading volume of 105,232 shares, compared to its average volume of 572,399. The firm’s 50 day moving average is $558.75 and its 200 day moving average is $498.68. The company has a market cap of $52.57 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.01 and a quick ratio of 0.63. Sherwin-Williams Co has a 52-week low of $365.20 and a 52-week high of $589.00.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $6.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.46 by $0.19. The firm had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.83 billion. Sherwin-Williams had a return on equity of 50.96% and a net margin of 7.81%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $5.68 EPS. As a group, analysts forecast that Sherwin-Williams Co will post 21.17 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, November 14th. Sherwin-Williams’s dividend payout ratio is currently 24.39%.

In related news, 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 value of $2,422,925.00. Following the completion of the sale, the senior vice president now directly owns 8,189 shares of the company’s stock, valued at approximately $4,668,548.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

About Sherwin-Williams

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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