Argent Trust Co reduced its holdings in Sherwin-Williams Co (NYSE:SHW) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,956 shares of the specialty chemicals company’s stock after selling 213 shares during the quarter. Argent Trust Co’s holdings in Sherwin-Williams were worth $899,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Sherwin-Williams during the fourth quarter worth about $456,140,000. Vontobel Asset Management Inc. raised its stake in Sherwin-Williams by 291.4% in the first quarter. Vontobel Asset Management Inc. now owns 485,080 shares of the specialty chemicals company’s stock valued at $240,025,000 after purchasing an additional 361,140 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in Sherwin-Williams by 1,708.5% during the first quarter. Diamond Hill Capital Management Inc. now owns 309,967 shares of the specialty chemicals company’s stock valued at $142,436,000 after purchasing an additional 292,828 shares during the last quarter. Bank of Montreal Can grew its stake in Sherwin-Williams by 380.0% in the 4th quarter. Bank of Montreal Can now owns 296,072 shares of the specialty chemicals company’s stock worth $172,771,000 after buying an additional 234,396 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Sherwin-Williams by 155.2% in the 4th quarter. Prudential Financial Inc. now owns 343,047 shares of the specialty chemicals company’s stock worth $200,182,000 after buying an additional 208,608 shares during the last quarter. 78.09% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO David B. Sewell sold 5,752 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $571.13, for a total transaction of $3,285,139.76. Following the sale, the chief operating officer now directly owns 14,100 shares in the company, valued at $8,052,933. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jane M. Cronin sold 908 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $492.14, for a total value of $446,863.12. Following the completion of the sale, the senior vice president now directly owns 2,915 shares in the company, valued at $1,434,588.10. The disclosure for this sale can be found here. Insiders have sold a total of 7,595 shares of company stock worth $4,231,947 in the last ninety days. Insiders own 0.55% of the company’s stock.
NYSE SHW traded up $7.30 on Friday, hitting $577.30. The company’s stock had a trading volume of 279,081 shares, compared to its average volume of 549,646. Sherwin-Williams Co has a 52-week low of $325.43 and a 52-week high of $599.95. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 2.94. The company’s 50-day simple moving average is $512.13 and its 200 day simple moving average is $546.59. The firm has a market cap of $51.76 billion, a P/E ratio of 33.35, a PEG ratio of 3.34 and a beta of 1.22.
Sherwin-Williams (NYSE:SHW) last posted its earnings results on Wednesday, April 29th. The specialty chemicals company reported $4.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.95 by $0.13. Sherwin-Williams had a return on equity of 53.04% and a net margin of 8.98%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the previous year, the firm earned $3.60 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. On average, research analysts forecast that Sherwin-Williams Co will post 19.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $1.34 dividend. The ex-dividend date is Thursday, May 21st. This represents a $5.36 annualized dividend and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio is 25.38%.
Sherwin-Williams Company Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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