Keybank National Association OH Sells 3,545 Shares of The Sherwin-Williams Company (NYSE:SHW)

Keybank National Association OH trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 321,027 shares of the specialty chemicals company’s stock after selling 3,545 shares during the period. Keybank National Association OH’s holdings in Sherwin-Williams were worth $109,127,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SHW. First Personal Financial Services bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at approximately $29,000. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $26,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at approximately $32,000. True Wealth Design LLC grew its position in shares of 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 valued at $38,000 after acquiring an additional 90 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at approximately $38,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $356.49 on Tuesday. The firm’s fifty day moving average price is $351.49 and its 200-day moving average price is $365.86. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock has a market cap of $89.66 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

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

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. Sherwin-Williams’s payout ratio is presently 29.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SHW shares. Evercore ISI increased their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Royal Bank of Canada reduced their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $403.31.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated 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 completion of the transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. 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.

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.