Richard W. Paul & Associates LLC Has $577,000 Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Richard W. Paul & Associates LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHWFree Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,851 shares of the specialty chemicals company’s stock after selling 39 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Sherwin-Williams were worth $577,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SHW. FMR LLC grew its stake in Sherwin-Williams by 65.4% in the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after purchasing an additional 2,146,102 shares in the last quarter. Norges Bank bought a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $498,336,000. Morgan Stanley boosted its stake in shares of Sherwin-Williams by 50.9% during the 4th quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock worth $1,229,386,000 after acquiring an additional 1,747,586 shares during the period. Holocene Advisors LP boosted its stake in shares of Sherwin-Williams by 154.8% during the 2nd quarter. Holocene Advisors LP now owns 1,414,318 shares of the specialty chemicals company’s stock worth $375,530,000 after acquiring an additional 859,301 shares during the period. Finally, PineStone Asset Management Inc. boosted its stake in shares of Sherwin-Williams by 263.7% during the 3rd quarter. PineStone Asset Management Inc. now owns 921,772 shares of the specialty chemicals company’s stock worth $235,098,000 after acquiring an additional 668,305 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 1,563 shares of the business’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 sale, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, 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 is available at this link. Also, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,029,710.30. 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 90 days. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded up $1.07 during trading on Wednesday, reaching $335.03. 351,255 shares of the company’s stock were exchanged, compared to its average volume of 1,408,940. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The Sherwin-Williams Company has a 1-year low of $220.22 and a 1-year high of $348.37. The company has a market cap of $85.25 billion, a P/E ratio of 36.14, a PEG ratio of 2.50 and a beta of 1.15. The firm’s 50-day moving average price is $324.97 and its 200 day moving average price is $292.02.

Sherwin-Williams (NYSE:SHWGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. Sherwin-Williams’s revenue was up .4% on a year-over-year basis. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.86 dividend on an annualized basis and a yield of 0.85%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. Sherwin-Williams’s payout ratio is currently 30.92%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Robert W. Baird restated a “neutral” rating and issued a $300.00 price target (up from $270.00) on shares of Sherwin-Williams in a research note on Wednesday, January 3rd. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and boosted their price target for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Mizuho reduced their price target on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Finally, Wolfe Research assumed coverage on Sherwin-Williams in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.39.

Check Out Our Latest Stock Report on SHW

Sherwin-Williams Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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