Fiduciary Group LLC Sells 93 Shares of The Sherwin-Williams Company (NYSE:SHW)

Fiduciary Group LLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 11.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 728 shares of the specialty chemicals company’s stock after selling 93 shares during the quarter. Fiduciary Group LLC’s holdings in Sherwin-Williams were worth $217,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Foundations Investment Advisors LLC boosted its holdings in Sherwin-Williams by 18.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 1,060 shares of the specialty chemicals company’s stock worth $328,000 after purchasing an additional 168 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Sherwin-Williams by 10.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,682 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 157 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Sherwin-Williams by 1.0% during the 4th quarter. Panagora Asset Management Inc. now owns 6,943 shares of the specialty chemicals company’s stock worth $2,166,000 after acquiring an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at about $59,000. Finally, Great Lakes Advisors LLC lifted its holdings in Sherwin-Williams by 93.4% in the 4th quarter. Great Lakes Advisors LLC now owns 9,322 shares of the specialty chemicals company’s stock worth $2,907,000 after purchasing an additional 4,502 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on SHW. UBS Group lifted their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Morgan Stanley increased their target price on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price target (up from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. KeyCorp increased their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $375.40 on Friday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The stock’s fifty day simple moving average is $346.75 and its 200 day simple moving average is $326.72. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $378.86. The firm has a market cap of $94.70 billion, a price-to-earnings ratio of 40.02, a P/E/G ratio of 2.92 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.29 EPS. On average, analysts expect that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

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.