The Sherwin-Williams Company (NYSE:SHW) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,820 shares of the specialty chemicals company’s stock after selling 136 shares during the period. FineMark National Bank & Trust’s holdings in Sherwin-Williams were worth $959,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams during the third quarter worth approximately $32,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. Finally, True Wealth Design LLC grew its position in shares of Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 90 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 0.4 %

NYSE:SHW opened at $341.20 on Wednesday. The company has a market capitalization of $85.82 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a fifty day simple moving average of $354.10 and a 200-day simple moving average of $364.35. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the prior year, the firm earned $1.81 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s payout ratio is 29.95%.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research reports. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Royal Bank of Canada lowered their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

About Sherwin-Williams

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.