Wambolt & Associates LLC Reduces Stake in The Sherwin-Williams Company (NYSE:SHW)

Wambolt & Associates LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 890 shares of the specialty chemicals company’s stock after selling 191 shares during the quarter. Wambolt & Associates LLC’s holdings in Sherwin-Williams were worth $303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Legacy Capital Wealth Partners LLC increased its position in shares of Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 29 shares during the last quarter. Apella Capital LLC increased its position in Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after acquiring an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock valued at $1,272,000 after acquiring an additional 30 shares during the period. IMS Capital Management lifted its holdings in shares of Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after acquiring an additional 30 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Sherwin-Williams by 0.4% during the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company’s stock worth $2,835,000 after purchasing an additional 31 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada cut their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Mizuho cut their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.13.

Sherwin-Williams Trading Down 0.4 %

SHW opened at $341.20 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm has a market cap of $85.82 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The stock has a fifty day moving average price of $354.10 and a 200-day moving average price of $364.35.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 in the prior year, the firm earned $1.81 earnings per share. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 annualized dividend 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 (DPR) is 29.95%.

Sherwin-Williams Company 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.