Edgestream Partners L.P. Decreases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Edgestream Partners L.P. lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 91.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,161 shares of the specialty chemicals company’s stock after selling 24,600 shares during the quarter. Edgestream Partners L.P.’s holdings in Sherwin-Williams were worth $735,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Sherwin-Williams by 1.0% during the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after purchasing an additional 10,709 shares in the last quarter. Assetmark Inc. grew its stake in Sherwin-Williams by 5.5% during the 3rd quarter. Assetmark Inc. now owns 7,906 shares of the specialty chemicals company’s stock worth $3,018,000 after buying an additional 411 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its position in Sherwin-Williams by 4.1% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,170 shares of the specialty chemicals company’s stock valued at $831,000 after buying an additional 86 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Sherwin-Williams by 59.5% in the third quarter. Axxcess Wealth Management LLC now owns 1,252 shares of the specialty chemicals company’s stock valued at $478,000 after buying an additional 467 shares during the last quarter. Finally, Tyler Stone Wealth Management boosted its holdings in Sherwin-Williams by 112.7% in the third quarter. Tyler Stone Wealth Management now owns 704 shares of the specialty chemicals company’s stock worth $269,000 after acquiring an additional 373 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SHW. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research note on Friday, January 31st. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Citigroup reissued a “buy” rating and issued a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $401.13.

Sherwin-Williams Trading Down 1.1 %

Sherwin-Williams stock opened at $353.78 on Wednesday. The firm has a market cap of $88.98 billion, a PE ratio of 33.53, a P/E/G 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’s 50 day simple moving average is $353.36 and its two-hundred day simple moving average is $365.96. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

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

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. 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.