OneAscent Wealth Management LLC Sells 200 Shares of The Sherwin-Williams Company (NYSE:SHW)

OneAscent Wealth Management LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,398 shares of the specialty chemicals company’s stock after selling 200 shares during the quarter. Sherwin-Williams comprises approximately 0.5% of OneAscent Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. OneAscent Wealth Management LLC’s holdings in Sherwin-Williams were worth $1,155,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in Sherwin-Williams during the 4th quarter worth $1,359,747,000. Raymond James Financial Inc. bought a new position in Sherwin-Williams during the fourth quarter worth about $230,829,000. Proficio Capital Partners LLC raised its stake in Sherwin-Williams by 41,520.8% in the 4th quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock worth $162,987,000 after purchasing an additional 478,320 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Sherwin-Williams by 28.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company’s stock valued at $690,796,000 after purchasing an additional 451,505 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Sherwin-Williams by 79.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 653,548 shares of the specialty chemicals company’s stock worth $219,945,000 after purchasing an additional 289,450 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW opened at $339.77 on Friday. The business has a 50-day simple moving average of $353.59 and a two-hundred day simple moving average of $363.91. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The stock has a market cap of $85.46 billion, a PE ratio of 32.21, a PEG 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.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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 net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the firm posted $1.81 earnings per share. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

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

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SHW shares. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and upped their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Citigroup reaffirmed a “buy” rating and issued a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley dropped their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $401.13.

Sherwin-Williams 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.