SageView Advisory Group LLC Cuts Position in The Sherwin-Williams Company (NYSE:SHW)

SageView Advisory Group LLC trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 716 shares of the specialty chemicals company’s stock after selling 62 shares during the period. SageView Advisory Group LLC’s holdings in Sherwin-Williams were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SHW. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new stake in Sherwin-Williams in the 4th quarter valued at $28,000. Sierra Ocean LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at about $36,000. WR Wealth Planners LLC lifted its stake in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth about $41,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHW. UBS Group dropped their target price on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research report on Tuesday. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $392.50.

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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $336.94 on Wednesday. The business has a 50 day simple moving average of $346.45 and a 200-day simple moving average of $359.75. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a market capitalization of $84.74 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

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, 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 quarter last year, the business earned $1.81 earnings per share. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is currently 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.