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

Edgestream Partners L.P. trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 91.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,161 shares of the specialty chemicals company’s stock after selling 24,600 shares during the period. Edgestream Partners L.P.’s holdings in Sherwin-Williams were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC lifted its holdings in Sherwin-Williams by 2.9% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 29 shares in the last quarter. Apella Capital LLC lifted its holdings in shares of Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after buying an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in shares of Sherwin-Williams by 0.8% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after acquiring an additional 30 shares during the last quarter. IMS Capital Management grew its stake in Sherwin-Williams by 2.4% during the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock valued at $437,000 after acquiring an additional 30 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Sherwin-Williams by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company’s stock valued at $2,835,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business’s 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. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of several research reports. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report on Friday, January 31st. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Citigroup reiterated a “buy” rating and issued a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Jefferies Financial Group restated a “hold” rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday. Finally, Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. One equities research 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, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $401.13.

Sherwin-Williams Trading Down 1.1 %

Shares of SHW opened at $353.78 on Wednesday. The company has a 50-day moving average of $353.36 and a 200 day moving average of $365.96. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. 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 $88.98 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 2.98 and a beta of 1.23.

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

Sherwin-Williams Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.89%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is currently 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.