Corient Private Wealth LLC Reduces Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Corient Private Wealth LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,990 shares of the specialty chemicals company’s stock after selling 8,056 shares during the period. Corient Private Wealth LLC’s holdings in Sherwin-Williams were worth $45,208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legacy Capital Wealth Partners LLC increased its stake in shares of Sherwin-Williams by 2.9% during 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 increased its position in Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after purchasing an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in Sherwin-Williams by 0.8% in the 4th 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 in the last quarter. IMS Capital Management lifted its position in shares of Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 30 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Sherwin-Williams by 0.4% during the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company’s stock valued at $2,835,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SHW shares. Citigroup reissued a “buy” rating and issued a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $401.13.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $342.73 on Tuesday. The firm has a market cap of $86.20 billion, a P/E ratio of 32.49, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. 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 company has a 50 day moving average of $353.95 and a 200 day moving average of $365.49.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the company earned $1.81 earnings per share. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

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.