Midland Wealth Advisors LLC Sells 10,590 Shares of The Sherwin-Williams Company (NYSE:SHW)

Midland Wealth Advisors LLC cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 30.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,806 shares of the specialty chemicals company’s stock after selling 10,590 shares during the quarter. Sherwin-Williams makes up about 0.5% of Midland Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest position. Midland Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $8,092,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SHW. Merit Financial Group LLC increased its position in Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after buying an additional 523 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Sherwin-Williams by 13.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after purchasing an additional 209 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Sherwin-Williams by 52.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $2,271,000 after purchasing an additional 2,303 shares during the last quarter. Burney Co. raised its position in shares of Sherwin-Williams by 4.6% in the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock valued at $5,871,000 after purchasing an additional 766 shares during the period. Finally, Kerusso Capital Management LLC lifted its stake in shares of Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock worth $3,498,000 after buying an additional 4,439 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley dropped their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Mizuho lowered their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $403.31.

Sherwin-Williams Stock Performance

NYSE SHW opened at $363.99 on Monday. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm has a market capitalization of $91.55 billion, a price-to-earnings ratio of 34.50, a P/E/G ratio of 2.98 and a beta of 1.23. 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’s 50 day simple moving average is $352.70 and its 200 day simple moving average is $365.99.

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

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is 29.95%.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

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.