Gamco Investors INC. ET AL Sells 49 Shares of The Sherwin-Williams Company (NYSE:SHW)

Gamco Investors INC. ET AL cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,385 shares of the specialty chemicals company’s stock after selling 49 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Sherwin-Williams were worth $2,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Sherwin-Williams in the 4th quarter worth approximately $1,359,747,000. Barclays PLC lifted its position in shares of Sherwin-Williams by 54.2% during the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock worth $704,855,000 after acquiring an additional 728,798 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Sherwin-Williams in the fourth quarter worth $230,829,000. Proficio Capital Partners LLC grew its position in shares of Sherwin-Williams by 41,520.8% in the fourth quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock valued at $162,987,000 after purchasing an additional 478,320 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Sherwin-Williams by 28.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,032,170 shares of the specialty chemicals company’s stock valued at $690,796,000 after purchasing an additional 451,505 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SHW shares. Morgan Stanley reduced their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Barclays lowered their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $392.50.

Sherwin-Williams Trading Up 0.5 %

SHW stock opened at $333.03 on Friday. The company has a market capitalization of $83.76 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company’s 50 day moving average price is $345.34 and its two-hundred day moving average price is $359.22.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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 period in the previous year, the firm posted $1.81 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.95%. Sherwin-Williams’s payout ratio is currently 29.95%.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. 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.