Los Angeles Capital Management LLC Trims Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Los Angeles Capital Management LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,936 shares of the specialty chemicals company’s stock after selling 4,359 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Sherwin-Williams were worth $11,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Family Investments Inc. bought a new position in shares of Sherwin-Williams during the 4th quarter valued at about $235,000. First Trust Direct Indexing L.P. raised its stake in shares of Sherwin-Williams by 10.7% during the fourth quarter. First Trust Direct Indexing L.P. now owns 6,300 shares of the specialty chemicals company’s stock worth $1,965,000 after acquiring an additional 609 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in shares of Sherwin-Williams by 1.7% in the 4th quarter. Essex Financial Services Inc. now owns 2,941 shares of the specialty chemicals company’s stock worth $918,000 after acquiring an additional 49 shares during the last quarter. Cannell & Co. boosted its stake in shares of Sherwin-Williams by 2.2% in the 4th quarter. Cannell & Co. now owns 3,717 shares of the specialty chemicals company’s stock valued at $1,159,000 after purchasing an additional 81 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Sherwin-Williams by 49.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 497 shares of the specialty chemicals company’s stock valued at $155,000 after purchasing an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 2.2 %

Shares of NYSE:SHW opened at $311.30 on Friday. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37. The stock has a market capitalization of $78.93 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.50 and a beta of 1.18. The stock has a fifty day simple moving average of $327.00 and a two-hundred day simple moving average of $301.05. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the company posted $2.04 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced 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. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. 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 firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 over the last quarter. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating and set a $377.00 price target (down from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, April 24th. Mizuho lowered their price objective on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their target price for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Wolfe Research started coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Seaport Res Ptn lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $341.39.

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.