Wells Fargo & Company MN trimmed its position in shares of Sherwin-Williams Co (NYSE:SHW) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 715,128 shares of the specialty chemicals company’s stock after selling 23,652 shares during the quarter. Wells Fargo & Company MN owned 0.76% of Sherwin-Williams worth $293,230,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in Sherwin-Williams by 28.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,929 shares of the specialty chemicals company’s stock valued at $8,209,000 after acquiring an additional 5,041 shares during the period. Janus Henderson Group PLC boosted its holdings in Sherwin-Williams by 27.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after acquiring an additional 288,492 shares during the period. Atlantic Trust Group LLC purchased a new position in Sherwin-Williams during the 3rd quarter valued at about $87,798,000. Carderock Capital Management Inc. boosted its holdings in Sherwin-Williams by 4.3% during the 3rd quarter. Carderock Capital Management Inc. now owns 6,495 shares of the specialty chemicals company’s stock valued at $2,325,000 after acquiring an additional 270 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Sherwin-Williams by 3.3% during the 3rd quarter. Stifel Financial Corp now owns 77,038 shares of the specialty chemicals company’s stock valued at $27,610,000 after acquiring an additional 2,473 shares during the period. Institutional investors own 76.06% of the company’s stock.
Sherwin-Williams Co (NYSE SHW) opened at $401.09 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.67. The stock has a market capitalization of $37,934.86, a PE ratio of 21.55, a PEG ratio of 1.83 and a beta of 1.18. Sherwin-Williams Co has a 52 week low of $305.70 and a 52 week high of $435.15.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the business posted $2.15 EPS. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. sell-side analysts expect that Sherwin-Williams Co will post 19.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 26th will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s dividend payout ratio (DPR) is 18.27%.
In other news, insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the sale, the insider now owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Davisson sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $407.11, for a total value of $407,110.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock worth $5,969,846 in the last three months. Corporate insiders own 1.69% of the company’s stock.
A number of equities analysts recently commented on the company. Credit Suisse Group restated a “hold” rating and set a $473.00 target price on shares of Sherwin-Williams in a report on Wednesday, January 24th. Citigroup raised their target price on Sherwin-Williams to $486.00 and gave the company a “buy” rating in a report on Friday, January 26th. Robert W. Baird restated a “buy” rating and set a $475.00 target price on shares of Sherwin-Williams in a report on Wednesday, January 10th. Bank of America raised their target price on Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $436.20.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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