Yousif Capital Management LLC Sells 1,263 Shares of The Sherwin-Williams Company (NYSE:SHW)

Yousif Capital Management LLC lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,110 shares of the specialty chemicals company’s stock after selling 1,263 shares during the period. Yousif Capital Management LLC’s holdings in Sherwin-Williams were worth $18,437,000 as of its most recent filing with the Securities and Exchange Commission.

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

Sherwin-Williams Trading Down 2.2 %

SHW traded down $6.92 during trading on Tuesday, reaching $302.34. 4,426,466 shares of the company’s stock were exchanged, compared to its average volume of 1,441,146. The Sherwin-Williams Company has a one year low of $221.76 and a one year high of $348.37. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $76.93 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. The firm has a fifty day moving average price of $328.40 and a two-hundred day moving average price of $298.73.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the prior year, the company posted $2.04 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams’s payout ratio is presently 30.92%.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 in the last quarter. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their target price for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. Citigroup lifted their price objective on shares of Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Evercore ISI dropped their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Seaport Res Ptn cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Wolfe Research started coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $325.94.

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.