The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,816 shares of the specialty chemicals company’s stock after selling 186 shares during the period. Weatherly Asset Management L. P.’s holdings in Sherwin-Williams were worth $2,126,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SHW. OFI Invest Asset Management purchased a new position in Sherwin-Williams in the third quarter valued at about $25,000. Union Savings Bank purchased a new position in Sherwin-Williams in the third quarter valued at about $28,000. Lee Financial Co purchased a new position in Sherwin-Williams in the third quarter valued at about $32,000. BluePath Capital Management LLC purchased a new position in Sherwin-Williams in the third quarter valued at about $33,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at about $35,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHW. Robert W. Baird reissued a “neutral” rating and set a $300.00 price objective (up from $270.00) on shares of Sherwin-Williams in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. Barclays raised their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, Wolfe Research began coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.94.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 in the last quarter. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Down 2.2 %

Shares of NYSE:SHW traded down $6.92 during midday trading on Tuesday, hitting $302.34. 4,426,466 shares of the company’s stock traded hands, compared to its average volume of 1,441,146. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The company has a market cap of $76.93 billion, a PE ratio of 33.43, a P/E/G ratio of 2.42 and a beta of 1.15. The firm’s fifty day moving average price is $328.50 and its two-hundred day moving average price is $298.39. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.46 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio is currently 30.92%.

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.