The Sherwin-Williams Company $SHW Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 150,049 shares of the specialty chemicals company’s stock after selling 2,614 shares during the period. US Bancorp DE’s holdings in Sherwin-Williams were worth $51,956,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. MTM Investment Management LLC acquired a new position in Sherwin-Williams in the second quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares during the last quarter. Rossby Financial LCC grew its stake in Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 48 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in Sherwin-Williams in the second quarter worth $36,000. Finally, True Wealth Design LLC lifted its stake in Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 61 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.9%

Shares of SHW stock opened at $360.39 on Friday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The business’s fifty day moving average is $349.47 and its 200-day moving average is $346.66. The stock has a market cap of $89.30 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 3.09 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the business posted $2.09 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be paid a dividend of $0.80 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.16%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SHW shares. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a report on Friday, January 30th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $387.67.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the sale, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.