UNIVEST FINANCIAL Corp Has $11.67 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

UNIVEST FINANCIAL Corp trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 34,324 shares of the specialty chemicals company’s stock after selling 2,114 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Sherwin-Williams were worth $11,668,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $28,000. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the 3rd quarter worth approximately $32,000. True Wealth Design LLC grew its position in Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 90 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at $36,000. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction on 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 directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SHW shares. Jefferies Financial Group restated a “hold” rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 31st. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Citigroup reissued a “buy” rating and issued a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.13.

Sherwin-Williams Trading Down 0.4 %

Shares of NYSE SHW opened at $341.20 on Wednesday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The stock has a market cap of $85.82 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.98 and a beta of 1.23. 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’s fifty day moving average is $354.10 and its 200-day moving average is $364.35.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business earned $1.81 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

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.