Planning Capital Management Corp Trims Position in The Sherwin-Williams Company (NYSE:SHW)

Planning Capital Management Corp reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 67.1% during the 3rd quarter, Holdings Channel reports. The firm owned 115 shares of the specialty chemicals company’s stock after selling 235 shares during the quarter. Planning Capital Management Corp’s holdings in Sherwin-Williams were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Zions Bancorporation N.A. grew its holdings in shares of Sherwin-Williams by 9.3% during the 3rd quarter. Zions Bancorporation N.A. now owns 11,740 shares of the specialty chemicals company’s stock worth $4,481,000 after purchasing an additional 1,001 shares during the period. KBC Group NV raised its stake in Sherwin-Williams by 218.8% during the 3rd quarter. KBC Group NV now owns 127,010 shares of the specialty chemicals company’s stock worth $48,476,000 after acquiring an additional 87,168 shares in the last quarter. Huntington National Bank boosted its position in shares of Sherwin-Williams by 19.7% in the 3rd quarter. Huntington National Bank now owns 152,344 shares of the specialty chemicals company’s stock valued at $58,145,000 after purchasing an additional 25,037 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in Sherwin-Williams by 61.6% in the third quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 65,039 shares of the specialty chemicals company’s stock valued at $24,823,000 after buying an additional 24,794 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Sherwin-Williams by 0.9% during the third quarter. Oppenheimer & Co. Inc. now owns 8,629 shares of the specialty chemicals company’s stock worth $3,293,000 after acquiring an additional 75 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 0.3 %

Shares of Sherwin-Williams stock opened at $388.51 on Friday. The Sherwin-Williams Company has a 1-year low of $264.54 and a 1-year high of $392.57. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The business’s fifty day moving average price is $375.49 and its two-hundred day moving average price is $340.86. The company has a market capitalization of $97.85 billion, a P/E ratio of 38.70, a PEG ratio of 3.12 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share 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 quarter in the prior year, the firm posted $3.20 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 28.49%.

Insider Buying and Selling

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Finally, Royal Bank of Canada lowered their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.