Commerce Bank Reduces Stake in The Sherwin-Williams Company (NYSE:SHW)

Commerce Bank lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,323 shares of the specialty chemicals company’s stock after selling 412 shares during the period. Commerce Bank’s holdings in Sherwin-Williams were worth $6,908,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Legacy Capital Wealth Partners LLC raised its stake in shares of Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after buying an additional 29 shares during the period. Apella Capital LLC raised its stake in Sherwin-Williams by 2.1% in the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after acquiring an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in Sherwin-Williams by 0.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after purchasing an additional 30 shares during the period. IMS Capital Management raised its position in shares of Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock valued at $437,000 after purchasing an additional 30 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Sherwin-Williams by 7.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company’s stock valued at $149,000 after buying an additional 31 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $333.03 on Friday. The firm has a fifty day simple moving average of $344.78 and a two-hundred day simple moving average of $358.76. 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 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 $83.76 billion, a PE ratio of 31.57, a P/E/G ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping 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 previous year, the business earned $1.81 EPS. Research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SHW shares. UBS Group lowered their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Morgan Stanley reduced their price objective 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. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $392.50.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated 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 sale, 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 is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.

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.