Wealthfront Advisers LLC Has $4.28 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Wealthfront Advisers LLC cut its position in The Sherwin-Williams Company (NYSE:SHW) by 42.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,586 shares of the specialty chemicals company’s stock after selling 9,397 shares during the period. Wealthfront Advisers LLC’s holdings in Sherwin-Williams were worth $4,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AGF Management Ltd. raised its stake in Sherwin-Williams by 2.9% during the 4th quarter. AGF Management Ltd. now owns 157,516 shares of the specialty chemicals company’s stock worth $53,544,000 after buying an additional 4,429 shares during the period. Avantax Planning Partners Inc. increased its holdings in shares of Sherwin-Williams by 2.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company’s stock worth $515,000 after acquiring an additional 35 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Sherwin-Williams by 2.2% during the fourth quarter. King Luther Capital Management Corp now owns 253,292 shares of the specialty chemicals company’s stock worth $86,102,000 after purchasing an additional 5,486 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of Sherwin-Williams by 35.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,668 shares of the specialty chemicals company’s stock valued at $1,927,000 after purchasing an additional 1,495 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its position in shares of Sherwin-Williams by 5.9% in the 4th quarter. Sage Mountain Advisors LLC now owns 1,412 shares of the specialty chemicals company’s stock valued at $480,000 after purchasing an additional 79 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 2.3 %

Shares of NYSE:SHW opened at $341.91 on Friday. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. 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 company has a market capitalization of $85.99 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company has a 50-day simple moving average of $353.74 and a 200 day simple moving average of $365.68.

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 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 earnings per share. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s payout ratio is currently 29.95%.

Wall Street Analyst Weigh In

SHW has been the topic of several research analyst reports. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. 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 report on Monday. Royal Bank of Canada reduced their target price 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. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Morgan Stanley decreased their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. One 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 company. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $401.13.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction dated 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 owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

About Sherwin-Williams

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.