Weatherly Asset Management L. P. Has $2.13 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Weatherly Asset Management L. P. cut its position in The Sherwin-Williams Company (NYSE:SHW) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,816 shares of the specialty chemicals company’s stock after selling 186 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Sherwin-Williams were worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC grew its position in Sherwin-Williams by 4.4% in the 3rd quarter. Global Retirement Partners LLC now owns 1,349 shares of the specialty chemicals company’s stock worth $346,000 after purchasing an additional 57 shares during the last quarter. SG Americas Securities LLC grew its position in Sherwin-Williams by 10.9% in the 3rd quarter. SG Americas Securities LLC now owns 16,644 shares of the specialty chemicals company’s stock worth $4,245,000 after purchasing an additional 1,639 shares during the last quarter. Naples Global Advisors LLC acquired a new stake in Sherwin-Williams in the 3rd quarter worth $310,000. Fifth Third Wealth Advisors LLC grew its position in Sherwin-Williams by 45.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,299 shares of the specialty chemicals company’s stock worth $331,000 after purchasing an additional 405 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in Sherwin-Williams by 34.8% in the 3rd quarter. Avior Wealth Management LLC now owns 4,069 shares of the specialty chemicals company’s stock worth $1,038,000 after purchasing an additional 1,050 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on SHW shares. Barclays raised their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Mizuho decreased their target price on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price on the stock in a research report on Tuesday, February 27th. Finally, Citigroup lifted their target price on shares of Sherwin-Williams from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.94.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $6.92 during trading on Tuesday, reaching $302.34. The company had a trading volume of 4,426,466 shares, compared to its average volume of 1,441,146. The Sherwin-Williams Company has a 52 week low of $221.76 and a 52 week high of $348.37. The stock has a market cap of $76.93 billion, a PE ratio of 33.43, a PEG ratio of 2.42 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The business’s 50 day moving average price is $328.50 and its 200-day moving average price is $298.39.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the prior year, the firm posted $2.04 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Analysts expect that The Sherwin-Williams Company will post 11.46 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.92%.

Insider Buying and Selling

In related news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock valued at $10,340,237 over the last ninety days. Insiders own 0.60% of the company’s stock.

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.