The Sherwin-Williams Company (NYSE:SHW) is Peninsula Asset Management Inc.’s 8th Largest Position

Peninsula Asset Management Inc. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,720 shares of the specialty chemicals company’s stock after selling 760 shares during the period. Sherwin-Williams makes up 3.7% of Peninsula Asset Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Peninsula Asset Management Inc.’s holdings in Sherwin-Williams were worth $7,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams during the 4th quarter worth approximately $26,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams during the 3rd quarter worth approximately $32,000. Sierra Ocean LLC acquired a new position in Sherwin-Williams during the 4th quarter worth approximately $36,000. True Wealth Design LLC increased its position in Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares during the period. Finally, WR Wealth Planners LLC increased its position in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 35 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Trading Down 0.0 %

Shares of SHW opened at $341.99 on Friday. The stock’s 50-day moving average is $353.85 and its two-hundred day moving average is $365.55. The stock has a market cap of $86.01 billion, a PE ratio of 32.42, 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 company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

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, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the company earned $1.81 earnings per share. Equities analysts forecast 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 given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams’s dividend payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Mizuho dropped their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. 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. Jefferies Financial Group restated a “hold” rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a report on Friday, January 31st. Finally, Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $401.13.

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.