<div id="readability-page-1"><p>Confluence Investment Management LLC trimmed its position in shares of  The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,478 shares of the specialty chemicals company's stock after selling 1,497 shares during the quarter. Confluence Investment Management LLC's holdings in Sherwin-Williams were worth $31,479,000 as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>Sherwin-Williams</strong> alerts:</span></p></div><ul><li>NVIDIA, Sherwin-Williams Join the Dow: What Investors Should Know</li></ul><p>Several other hedge funds also recently modified their holdings of the company. Norden Group LLC bought a new position in  Sherwin-Williams in the 1st quarter valued at $329,000.  Envestnet Portfolio Solutions Inc. raised its holdings in shares of  Sherwin-Williams by 2.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 17,082 shares of the specialty chemicals company's stock valued at $5,933,000 after buying an additional 346 shares during the last quarter.  Empowered Funds LLC lifted its position in  Sherwin-Williams by 25.5% during the 1st quarter. Empowered Funds LLC now owns 4,248 shares of the specialty chemicals company's stock worth $1,475,000 after buying an additional 863 shares in the last quarter.  SG Americas Securities LLC grew its holdings in  Sherwin-Williams by 668.9% during the 1st quarter. SG Americas Securities LLC now owns 68,065 shares of the specialty chemicals company's stock worth $23,641,000 after acquiring an additional 59,213 shares during the last quarter.  Finally, Sustainable Insight Capital Management LLC acquired a new stake in  Sherwin-Williams in the 1st quarter valued at about $4,988,000. Institutional investors and hedge funds own  77.67% of the company's stock. </p><h2>Insider Activity at Sherwin-Williams</h2><p>In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares of the company's stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by insiders. </p><h2>Analysts Set New Price Targets</h2><ul><li>Sherwin-Williams Plunges Into Buying Opportunity: Time to Buy?</li></ul><p>A number of equities analysts have recently issued reports on SHW shares. Morgan Stanley upped their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an &#34;overweight&#34; rating in a research report on Friday, October 18th. Royal Bank of Canada decreased their price target on Sherwin-Williams from $455.00 to $446.00 and set an &#34;outperform&#34; rating on the stock in a report on Thursday, October 24th. Citigroup reduced their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, October 24th. Robert W. Baird increased their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a &#34;neutral&#34; rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the stock a &#34;buy&#34; rating in a research note on Wednesday, July 24th. One research analyst  has rated the stock with a sell rating, seven have issued  a hold rating, twelve have given a buy rating and one  has issued  a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $396.47.</p><p><b>Get Our Latest Stock Report on Sherwin-Williams</b></p><h2>Sherwin-Williams Stock Performance</h2><ul><li>Dividend Aristocrats or Dividend Kings: Which Is Best for You?</li></ul><p>Shares of SHW opened at $384.00 on Friday. The firm has a market cap of $96.71 billion, a P/E ratio of 38.25, a PEG ratio of 3.02 and a beta of 1.17. The Sherwin-Williams Company has a twelve month low of $251.69 and a twelve month high of $392.57. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm's 50 day moving average price is $373.38 and its two-hundred day moving average price is $338.03. </p><p>Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company's revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.20 earnings per share.  On average, analysts forecast that  The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year. </p><h2>Sherwin-Williams Dividend Announcement</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams's payout ratio is presently 28.49%. </p><h2>Sherwin-Williams Company Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Sherwin-Williams</li><li>Retail Stocks Investing, Explained</li><li>Realty Income: This Dividend Stock Is a Strong Inflation Hedge</li><li>Golden Cross Stocks: Pattern, Examples and Charts </li><li>Gilead’s Stock Surge: What’s Fueling the Momentum?</li><li>3 Warren Buffett Stocks to Buy Now</li><li>Breakout Alert: Qualcomm Just Hit The Rally Button</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNIVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNIVw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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<p>Confluence Investment Management LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.8% in Q3, selling 1,497 shares, leaving it with 82,478 shares valued at approximately $12,479,000. Other hedge funds also adjusted their holdings, with significant increases from several firms. Insider trading included CFO Allen J. Mistysyn selling 14,520 shares. Analysts have varied price targets for SHW, with a consensus rating of "Moderate Buy" and a target price of $300.47. The stock opened at $300.00, with a market cap of $76.71 billion and a P/E ratio of 38.25.</p>

Confluence Investment Management LLC Sells 1,497 Shares of The Sherwin-Williams Company (NYSE:SHW)