The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,195 shares of the specialty chemicals company’s stock after selling 84 shares during the period. Legacy Financial Advisors Inc.’s holdings in Sherwin-Williams were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SHW. Scotia Capital Inc. boosted its stake in shares of Sherwin-Williams by 11.8% in the fourth quarter. Scotia Capital Inc. now owns 44,022 shares of the specialty chemicals company’s stock valued at $14,966,000 after buying an additional 4,629 shares in the last quarter. Phoenix Financial Ltd. boosted its position in shares of Sherwin-Williams by 556.8% during the 4th quarter. Phoenix Financial Ltd. now owns 4,151 shares of the specialty chemicals company’s stock worth $1,411,000 after purchasing an additional 3,519 shares in the last quarter. CenterBook Partners LP grew its stake in shares of Sherwin-Williams by 55.4% during the 4th quarter. CenterBook Partners LP now owns 15,015 shares of the specialty chemicals company’s stock worth $5,104,000 after purchasing an additional 5,352 shares during the period. DRW Securities LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at about $695,000. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $428,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on SHW. Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Citigroup dropped their price objective on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $393.31.

Sherwin-Williams Trading Down 1.9 %

Shares of Sherwin-Williams stock opened at $329.87 on Friday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The business’s fifty day moving average is $347.88 and its two-hundred day moving average is $360.67. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a market cap of $82.97 billion, a PE ratio of 31.27, a P/E/G ratio of 2.98 and a beta of 1.26.

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

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.96%. This is an increase 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 presently 29.95%.

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.