Crestwood Advisors Group LLC Lowers Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Crestwood Advisors Group LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,326 shares of the specialty chemicals company’s stock after selling 18,065 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Sherwin-Williams were worth $32,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SHW. FMR LLC grew its stake in shares of Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the period. Mizuho Securities USA LLC grew its position in Sherwin-Williams by 1,717.9% during the third quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after buying an additional 308,921 shares during the period. Canoe Financial LP grew its position in Sherwin-Williams by 542.0% during the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after buying an additional 286,791 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Sherwin-Williams by 47.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock worth $293,889,000 after buying an additional 278,242 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Sherwin-Williams by 682.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 244,285 shares of the specialty chemicals company’s stock worth $83,040,000 after acquiring an additional 213,076 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SHW. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price target for the stock from $321.00 to $420.00 in a report on Friday, January 24th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, Evercore ISI increased their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $400.59.

Sherwin-Williams Stock Down 1.6 %

Shares of NYSE:SHW opened at $344.54 on Monday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The stock’s 50-day moving average price is $351.04 and its two-hundred day moving average price is $365.56. 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 $86.61 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company posted $1.81 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.79 dividend. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is 29.95%.

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.