The Sherwin-Williams Company (NYSE:SHW) Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,475 shares of the specialty chemicals company’s stock after selling 91 shares during the quarter. Sherwin-Williams makes up 1.8% of UNIVEST FINANCIAL Corp’s investment portfolio, making the stock its 17th largest holding. UNIVEST FINANCIAL Corp’s holdings in Sherwin-Williams were worth $6,074,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SHW. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Sherwin-Williams by 16.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after purchasing an additional 6,639 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $38,444,000. Machina Capital S.A.S. lifted its position in shares of Sherwin-Williams by 149.0% during the 3rd quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after buying an additional 5,801 shares during the period. AIA Group Ltd grew its holdings in shares of Sherwin-Williams by 20.8% in the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after purchasing an additional 2,810 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in Sherwin-Williams during the 3rd quarter valued at $4,517,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 1.2 %

SHW traded up $3.76 during trading on Tuesday, hitting $318.75. The company’s stock had a trading volume of 1,776,441 shares, compared to its average volume of 1,491,089. The firm has a market capitalization of $80.82 billion, a P/E ratio of 33.99, a PEG ratio of 2.50 and a beta of 1.18. The Sherwin-Williams Company has a twelve month low of $221.76 and a twelve month high of $348.37. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The stock’s fifty day moving average price is $326.85 and its 200-day moving average price is $302.34.

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

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.90%. Sherwin-Williams’s payout ratio is 30.49%.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction 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 sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,050 shares of company stock worth $10,340,237. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SHW. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. BMO Capital Markets reissued an “outperform” rating and issued a $377.00 target price (down from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, April 24th. Evercore ISI lowered their price target on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $341.39.

Sherwin-Williams 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.